Accueil >  Term: blended credit
blended credit

A federal export promotion program operated from 1983 to 1985 by the Foreign Agricultural Service. Federally guaranteed commercial loans at market interest rates (GSM-102) were combined (blended) with direct export credits (GSM-5) issued by the CCC at zero interest. This subsidized credit was made available to selected countries for a limited number of agricultural commodities. The program was terminated in 1985 when a federal judge determined that commodities shipped under blended credit were subject to cargo preference laws, which would have required that 50% of blended credit exports be shipped on higher-cost U.S. flag vessels.

0 0

Créateur

  • AjayOwor
  •  (Gold) 1463 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.