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Titlebook: Export Finance; Risks, Structures, a Richard Willsher Book 1995 Palgrave Macmillan, a division of Macmillan Publishers Limited 1995 Credit

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Buyer’s Credits, Lines of Credit and Supplier’s Creditsrily, guaranteed by a state Export Credit Agency (ECA) from the exporter’s country. ECA support will be dealt with later but will be mentioned where it is relevant to the structures described in this section.
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State-supported Export Creditse individual Export Credit Agencies (ECA) of each state which, together with tied aid funding and other forms of support, are aimed at promoting donor countries’ commercial interests with the target market. This section will deal with the basics of who the ECAs are, what they do, how they are governed and structured and how they work.
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Currency Risk and Hedging Techniquesnot for example know how much an incoming fee received in US Dollars is worth until selling it for your own accounting currency, say Deutschmarks, Sterling, or Hong Kong Dollars. As you do not know what it is worth to the profit and loss account it could turn out to be less than that budgeted for.
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Book 1995the recent Uruguay round on GATT.Willsher examines the new environment of project financing with a particularly detailed view of the risks involved, the instruments and other techniques vital to the knowledge of an international banker or corporate financier.
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Palgrave Macmillan, a division of Macmillan Publishers Limited 1995
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https://doi.org/10.1007/978-1-349-13980-4Credit Risk; emerging markets; environment; factoring; finance; funding; hedging; insurance; leasing; money; p
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