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NOTICE TO PROGRAM PARTICIPANTS Notice Number: EEP FY 00-1 DEIP FY 00-1 SUBJECT: Change in EEP/DEIP Performance Security Policy

WASHINGTON, June 22, 2000–The Commodity Credit Corporation is revising its policy regarding the acceptance of facsimile copies of cashiers or certified checks as evidence of the issuance of performance securities for the Export Enhancement Program (EEP) and the Dairy Export Incentive Program (DEIP).

As of July 1, 2000, CCC will no longer accept facsimile copies of cashiers or certified checks as evidence of performance security requirements under the EEP and DEIP . The original check to establish the required performance security must be received by CCC prior to reviewing an offer for a bonus. Offers received by CCC that do not have the required performance securities will not be considered.

In accordance with 7 CFR Part 1494, subpart B and subpart D, section 1494.1200, under section 1494.401(a) of subpart B, eligible exporters must, prior to submission of an offer to CCC, establish a performance security in a form acceptable to CCC. With this policy change, CCC will ensure that required performance securities are posted and in effect before offers are considered. For further information, call the Contract and Registration Branch, Operations Division, Export Credits, FAS, USDA, at (202) 720-3224.

#PR 0256-00



 
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