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Export Credit Guarantee Programs

U.S. Financial Institutions Eligibility Requirements
for the GSM-102 Export Credit Guarantee Program

(As of December 6, 2011)

Federal regulations governing the Export Credit Guarantee Program (GSM-102), and the Facility Guarantee Program (FGP), respectively include conditions on the eligibility of financial institutions to participate as an assignee in the programs (7 C.F.R. 1493.140, 1493.530, and 1493.330).

A financial institution will be ineligible under the GSM-102, and FGP to receive an assignment of proceeds which may become payable under a payment guarantee if, at the time of assignment, such financial institution:

Further, on July 12, 1991, a program announcement was issued to announce that banks operating in the United States which are owned or controlled by the government of a foreign country are ineligible to receive assignments of proceeds of payment guarantees when such guarantees have been issued in connection with export sales of agricultural commodities to importers located in the
foreign country in question.

If your financial institution wishes to participate in the GSM-102, you must provide to CCC the following information:

  1. A statement listing the individuals that own or control 5 percent or more of your financial institution. This statement must show the respective direct or indirect interest, and how the individual controls the financial institution, if applicable;
  2. Documentation from the applicable United States Federal or State agency demonstrating that the financial institution is either chartered or licensed to do business in the United States;
  3. The name and telephone number of the primary contact at the bank regulator; and
  4. Copy of your most recent annual report including audited financial statements.
Please forward this information to the following address by mail:
 

Address for documents sent via courier:

Address for documents sent via postal mail:

USDA/FAS/OTP/CPD/Risk and Asset Management
ATTN: Teri Ryan
1400 Independence Ave., SW
Room 5509
Washington, DC 20250
USDA/FAS/OTP/CPD/Risk and Asset Management
ATTN: Teri Ryan
1400 Independence Ave., SW
Stop 1025
Washington, DC 20250-1025
 
Please conform all assignment notifications with the enclosed sample assignment notification. Please make sure all appropriate personnel, departments, branches, agencies, and affiliates of your bank are aware of the regulations referenced above. If you have any questions about this request, please e-mail Rita Carleton phone number (202) 720-9357; Nestor Gregory phone number: (202) 720-9843;  Michael Smith phone number: (202) 720-1282; Hal Taylor phone number: (202) 690-1267; Eli Fleminger phone number: (202) 401-2575; Miguel Parkins phone number: (202) 720-3092; Scott Kim phone number: (202) 401-0218; Tim Hunt phone number (202) 720-1376; Michelle Zissimos phone number: (202) 690-1249; or Teri Ryan phone number (202) 720-0663.  Please send faxes to (202) 401-0114.
 


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