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Export Credit Guarantee Programs

Country Risk Ratings

(for the GSM-102 Program)

NOTE:  Effective May 4, 2012, the maximum allowable tenor is 2.0 years.


Fees

GSM-102:  Beginning July 1, 2005, the fee structure for the GSM-102 program was changed to a risk-based approach.  This approach determines the fee to cover an export credit guarantee for a specific transaction in a particular country or with a specific multilateral institution.  By examining a number of factors including CCC’s experience in the operation of the program in the particular country, CCC assigns a numeric risk category (0-6, lowest to highest risk).  The risk category (along with other factors) determines the fee charged.  The corresponding risk-based categories are shown next to the listed countries below.  The GSM-102 fee schedule, which contains fee rates by risk category, tenor, and repayment frequency, can be found at http://www.fas.usda.gov/excredits/gsm102fees.html.

 

FGP:  The fees charged under FGP correspond to the fees charged by the U.S. Export Import Bank and are established in accordance with OECD guidelines.  For country risk ratings and fees applicable to FGP, please see the U.S. Export-Import Bank website at http://www.exim.gov/tools/fee_calc.cfm.

 

Frequency of Updates:

CCC intends to update both this web page and the risk category for a country when circumstances warrant.  No official USDA program announcement of these updates will be made unless such information warrants an official announcement.

 

Complete list of risk categories by country for the GSM-102 program.

 

 

Country

Country
Risk Category

Maximum Allowable Tenor
A

Algeria

6

1 year (12 months)
 

Angola

6

1 year (12 months)
 

Anguilla

3

2 years (24 months)

 

Antigua and Barbuda

5

1.5 years (18 months)

 

Armenia

5

1.5 years (18 months)

 

Aruba

2

2 years (24 months)

 

Azerbaijan

6

1 year (12 months)

B

Bahamas

2

2 years (24 months)
 

Bahrain

2

2 years (24 months)

 

Barbados

2

2 years (24 months)
 

Belize

6

1 year (12 months)

 

Botswana

2

2 years (24 months)
 

British Virgin Islands

2

2 years (24 months)

 

Burkina Faso

6

1 year (12 months)

C

Cameroon

6

1 year (12 months)
 

Cape Verde

6

1 year (12 months)
 

Cayman Islands

0

2 years (24 months)

 

Chile

1

2 years (24 months)

 

China

3

2 years (24 months)

 

Colombia

3

2 years (24 months)

 

Costa Rica

3

2 years (24 months)

 

Curacao

2

2 years (24 months)

D

Dominica

5

1.5 years (18 months)
 

Dominican Republic

5

1.5 years (18 months)

E

El Salvador

3

2 years (24 months)

G

Gabon

5

1.5 years (18 months)
 

Georgia

6

1 year (12 months)
 

Ghana

5

1.5 year (18 months)

 

Grenada

6

1 year (12 months)

 

Guadeloupe

3

2 years (24 months)

 

Guatemala

4

2 years (24 months)

H

Honduras

6

1 year (12 months)

 

Hong Kong

0

2 years (24 months)
I

Indonesia

4

2 years (24 months)
 

Israel

1

2 years (24 months)

J

Jordan

4

2 years (24 months)

 K

Kenya (except multilateral institutions)

6

1 year (12 months)

 

Korea, South

2

2 years (24 months)
 

Kuwait

0

2 years (24 months)

L

Lebanon

6

1 year (12 months)
 

Lesotho

4

2 years (24 months)
M

Macao

0

2 years (24 months)
 

Malawi

6

1 year (12 months)

 

Malaysia

2

2 years (24 months)

 

Mauritius

2

2 years (24 months)

 

Mexico

2

2 years (24 months)

 

Mongolia

6

1 year (12 months)

 

Montserrat

3

2 years (24 months)
 

Morocco

3

2 years (24 months)

 

Mozambique

6

1 year (12 months)

N

Namibia

3

2 years (24 months)

 

Netherlands Antilles Sint Maarten

4

2 years (24 months)
 

Nigeria

6

1 year (12 months)

O

Oman

2

2 years (24 months)

P

Panama (except multilateral institutions)

3

2 years (24 months)

 

Papua New Guinea

6

1 year (12 months)

 

Paraguay

5

1.5 year (18 months)

 

Peru

3

2 years (24 months)

 

Philippines

4

2 years (24 months)

Q

Qatar

0

2 years (24 months)

 R

Russia

5

1.5 years (18 months)

 

Rwanda

6

1 year (12 months)

S

Saint Kitts and Nevis

4

2 years (24 months)

 

Saint Lucia

3

2 years (24 months)

 

Saint Vincent & Grenadines

5

1.5 years (18 months)
 

Saudi Arabia

0

2 years (24 months)
 

Senegal

6

1 year (12 months)

 

Singapore

0

2 years (24 months)

 

Sint Maarten

2

2 years (24 months)

 

South Africa

2

2 years (24 months)

 

Swaziland

6

1 year (12 months)

T

Taiwan

2

2 year (24 months)
 

Tanzania

6

1 year (12 months)

 

Thailand

4

2 years (24 months)

 

Trinidad & Tobago

2

2 years (24 months)

 

Tunisia

4

2 years (24 months)

 

Turkey

4

2 years (24 months)

 U

Uganda

6

1 year (12 months)

 

United Arab Emirates

0

2 years (24 months)

 

Uruguay

3

2 years (24 months)

V 

Vietnam

6

1 year (12 months)

Zambia

6

1 year (12 months)

 

 

Multilateral Institutions

GSM-102
Risk Category

Maximum Allowable Tenor

 

African Export-Import Bank (Afrexim), Egypt

3

2 years (24 months)

 

Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX), Panama

2

2 years (24 months)

 

Eastern and Southern African Trade and Development Bank (PTA Bank), Burundi/Kenya

4

2 years (24 months)

 


Program Contact: Director, Credit Programs Division; Office of Trade Programs, Foreign Agricultural Service, USDA; Stop 1025; 1400 Independence Avenue, SW; Washington, DC 20250-1025; TEL (202) 720-3224; FAX (202) 720-2495; E-MAIL gsm.registrations@fas.usda.gov