Institution details
ECGC Limited (ECGC (India))
Key facts
- Established in 1983
- Ownership: Public
Not Part of the OECD
Part of the Berne Union
- Express Towers, 10th Floor, Nariman Point, Mumbai
- +91 22 6659 0500
- https://www.ecgc.in
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BBB- |
Country rating | S&P | Local currency | BBB- |
Institution rating | S&P | Foreign currency | N/A |
Country rating | S&P | Local currency | N/A |
Products
- Export credit insurance for exporters (short-term)
- Export credit insurance for banks (short-term)
- Export credit insurance for exporters and banks (medium- and long-term)
- Other products
Export credit insurance for exporters (short-term)
- Types:
- Shipments comprehensive risks policy
- Small exporters policy
- Export turnover policy
- Specific shipment policy
- Export (specific buyers) policy
- Consignment policy
- Buyer exposure policy
- Multi-buyer exposure policy
- Micro exporters’ policy
- Service policy
- IT enabled service policy
- Software project policy - Credit terms: Up to 180 days from the date of shipment
- Risks covered: Commercial, political, and/or letter of credit opening bank risk
Export credit insurance for banks (short-term)
- Types:
- Whole turnover packing credit
- Whole turnover post shipment
- Individual packing credit
- Individual post shipment
- Branch-wise packing credit
- Surety covers
- Export finance - Credit terms: Up to 180 days from the date of the advance
- Protection offered: Against losses that may be incurred in extending credit advances due to protracted default or insolvency of the exporter client
Export credit insurance for exporters and banks (medium- and long-term)
- Types:
- Construction works policy
- Specific policy for supply contract
- Specific shipment policy
- Specific service policy
Other products
- Factoring Services for SMEs
- Overseas investment insurance
- Customer-specific covers
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short-term | Comprehensive | 80%-95% |
Insurance | Short-term | Political | 90%-100% |
Performance highlights
What's new?
- In September 2021, in a bid to boost exports, the Union Cabinet on Wednesday approved a capital infusion of Rs 4,400 crore in state-owned Export Credit Guarantee Corporation (ECGC) over five years as well as plans to list the export insurer via an initial public offering (IPO).
- ECGC's mission is to support the Indian export industry by providing cost-effective insurance and trade related services to meet the growing needs of Indian export market through optimal utilization of available resources