United States
Department of
Agriculture

Foreign
Agricultural
Service

ECG-1-97
January 1997

Monthly Summary of
Export Credit Guarantee
Program Activity

Commodity Credit Corporation's (CCC)
GSM-102/103 and Supplier Credit
Guarantee Programs

...Allocations Announced for Fiscal Year 1997
...Applications for Coverage Under Allocations Announced
...Allocation Balances by Country and Commodity


MONTHLY SUMMARY

This Summary Report shows Fiscal Year (October - September) commitment figures, as of the date indicated, for the Commodity Credit Corporation's (CCC) Export Credit Guarantee Program (GSM-102), the Intermediate Export Credit Guarantee Program (GSM-103) and the Supplier Credit Guarantee Program.

CAUTIONARY INFORMATION ON USE OF THIS REPORT

The enclosed tables reflect only exporter applications for guarantees which have been entered into the GSM-102/103 computerized System. At any given time, exporter applications are in process, and not all of those received (e.g., by facsimile) have been entered into the System. Moreover, all applications are initially entered into the System on a provisional basis until price review has been completed, the guarantee fee has been received, and the written guarantee has been issued. Thus, some applications now in the System may in the future be removed, and the commodity balances correspondingly increased. Users of this Report should be aware of these characteristics/limitations of the enclosed tables.

Additionally, users should be aware that the footnotes placed in the tables are intended only to highlight certain items which need to be interpreted with additional information. The footnotes are indicative only and not a substitute for the actual provisions of program announcements.


Summary of FY 97 Supplier Credit Guarantee Program (SCGP) Activity as of close
of business:

                                  January 3, 1997

                         Announced  Exporter         Remarks/Additional
Country / Commodity      Allocation Applications       Information
(Max. Credit Period 29/) FY 1997    Received  Balance     1/ 2/  28/
                       --coverage in millions of dollars--
Guatemala                   10.00      0.00   10.00       4/
   Fruit, Fresh (90)                   0.00
   Potatoes (90)                       0.00
   Meat, Frozen or Chilled (90)        0.00
                                            

Mexico                      30.00      0.02   29.98       20/
   Commercially Prepared,
      Dog and Cat Food (90)            0.00
   Dairy Products (90)                 0.00
   Dried Fruit (90)                    0.00
   Fruit, Canned (90)                  0.00               5/
   Fruit, Fresh (90)                   0.02
   Ice Cream (90)                      0.00               5/
   Lecithin (90)
   Meat, Processed Products (90)       0.00               5/
   Planting Seeds (90)                 0.00
   Potatoes (90)                       0.00
   Pulses (90)                         0.00
   Soybean Protein,
       Processed Products (90)         0.00
   Tree Nuts (90)                      0.00
   Vegetables, Canned (90)             0.00
   Vegetables, Fresh (90)              0.00
   Vegetables, Frozen (90)             0.00
   Vegetable Oil (90)                  0.00
   Wine; Brandy (90)                   0.00
                                            


TOTAL FOR SCGP               40.00     0.02      39.98
TOTAL FOR CCC CREDITS     2,276.50   815.43   1,461.07
For Comparison Purposes: FY 1996 Payment Guarantee Commitments through
December 29, 1995
TOTAL FOR CCC CREDITS     2,861.00 1,067.60   1,793.40




   FY  97                   FOOTNOTES:

1/ These announcement footnotes are indicative only.  See actual provisions
set forth in Program Announcements.  These FAS news releases are available on the internet at
http://www.fas.usda.gov or through fax polling.  Callers should set their fax machines for polling
and and dial (202) 720-1728). For additional information, contact the FAS Information Division (202)
720-7115.

2/ Except as noted, the following terms apply:
            --Coverage is available  on an FAS/FOB basis
            --Maximum coverage is 98% of port value 
            --Final registration date is 9/30/97
            --Final export date is 11/30/97

3/ SHOWN IN MONTHS UNLESS OTHERWISE INDICATED.
4/ Coverage on a C&F basis is available on sales made on C&F or CIF basis.
5/ Products have been determined to be "high-value agricultural products". 
See Program Announcement for details.
6/ Leather has been determined to be a "high-value agricultural product".  See
Program Announcements for details.
7/ Andean Region--Total authorization was $350.0 million, however, $150.0
million remains unallocated i.e., non-operational.
8/ Andean Region--Individual country limits are applicable under this
announcement.  See Program Announcement for details.
9/ Brazil--Total  authorization was $150.0 million, however , $75.0 million
remains unallocated i.e., non-operational.
10/Bulgaria--Maximum terms of 12 months, principal repayments plus accrued
interest are due at 6 month intervals.
11/Central America--Total  authorization was $80.0 million, however , $40.0
million remains unallocated i.e non-operational.
12/Croatia--For credit terms exceeding 6 months, principal repayments plus
accrued interest are due at 6 month intervals.
13/East Africa--Individual country limits are applicable under this
announcment.  See Program Announcement details.
14/East Caribbean--Total authorization was $80.0 million, however, $30.0
million remains unallocated i.e., non-operational.
15/Egypt--Total authorization was $200.0 million, however, $100.0 million
remains unallocated i.e., non-operational.
16/Jordan--The eligible foreign buyer is Jordan's Ministry of Supply.
17/Latvia--Maximum terms of 12 months, principal repayments plus accrued
interest are due at 6 month intervals.
18/Lithuania--Maximum terms of 12 months, principal repayments plus accrued
interest are due at 6 month intervals.
19/Mexico--Total authorization was $1.075 billion, however, $575.0 million
remains unallocated i.e., non-operational. Maximum terms of 24 months, 
semi-annual payments of principal plus accrued interest.  
20/Mexico (SCGP)--Total authorization was $50 million, however, $20 million
remains unallocated i.e., non-operational.
21/Pakistan--Total authorization was $250.0 million, however, $126.0 million
remains unallocated i.e., non-operational. Credit terms must provide
semi-annual payments of principal plus accrued interest.  
22/Papua New Guinea--Maximum terms of 12 months, principal repayments plus
accrued interest are due at 6 month intervals.
23/Peru--Country limit is applicable under this announcement.  See Program
Announcement for details.
24/Russia--Maximum terms of 12 months, principal repayments plus accrued
interest are due at 6 month intervals.
25/Tunisia--For GSM-102 (Vegetable Oils) the eligible buyer is Office 
National de l'Huile.
26/Tunisia--For GSM-103 the eligible buyer is Office National des Cereales.
27/West Caribbean--Maximum terms of 18 months, principal repayments plus
accrued interest are due at 6 month intervals.
28/Maximum coverage up to 50 percent of the port value.  No interest coverage
is offered.
29/SHOWN IN DAYS UNLESS OTHERWISE INDICATED.




            COUNTRIES INCLUDED WITHIN REGIONS:

   ANDEAN REGION:      Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela

   CENTRAL AMERICA:    Belize, Costa Rica, El Salvador, Guatemala, Honduras,
                       Nicaragua and Panama

   EAST AFRICA:        Kenya and Uganda

   EAST CARIBBEAN:     Barbados, Grenada, Guyana, St. Lucia, St. Vincent & the
                       Grenadines, Suriname and Trinidad & Tobago

   SOUTHERN AFRICA:    Angola, Botswana, Burundi, Lesotho, Madagascar, Malawi,
                       Mauritius, Mozambique, Namibia, Rwanda, Sudan, Seychelles,
                       South Africa, Swaziland, Tanzania, Zaire, Zambia and Zimbabwe

   WEST AFRICA:        Benin, Burkina Faso, Cameroon, Cape Verde, Central
                       African Republic, Congo, Cote d'Ivoire, Gabon, Gambia, Ghana,
                       Guinea-Bissau, Guinea, Liberia, Mali, Mauritania, Nigeria, 
                       Senegal, Sierra Leone, Togo

   WEST CARIBBEAN:     Haiti and Jamaica

 

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