Translation of "Facilité de garantie du crédit à l'exportation " (French → English) :

The following renewable energies sectors shall be eligible for the financial terms and conditions set out in this Sector Understanding provided that their impacts are addressed in accordance with the 2012 Recommendation on Common Approaches on Officially Supported Export Credits and Environmental and Social Due Diligence (15 18 22 29 30 32 37 38 39) (as subsequently amended by Members of the OECD Working Group on Export Credits and Credit Guarantee (ECG) and adopted by the OECD Council):

The quality of an export credit product is a function of whether the product is insurance, guarantee or direct credit/financing, and for insurance products whether cover of interest during the claims waiting period (i.e. the period between the due date of payment by the obligor and the date that the insurer is liable to reimburse the exporter/financial institution) is provided without a surcharge.

The price indicated by private banks/institutions with respect to the uncovered portion of the export credit in question (or sometimes as the non-ECA covered part of a syndicated loan) may represent the best match to ECA cover.

to provide, directly or indirectly, financing or financial assistance related to the goods and technology listed in the Common Military List, including in particular grants, loans and export credit insurance or guarantee, for any sale, supply, transfer or export of such items, or for any provision of related technical assistance to any natural or legal person, entity or body in Russia or for use in Russia.

Welcomes the new programme for the competitiveness of SMEs (COSME); notes the successful actions of the Competitiveness and Innovation Framework Programme (CIP); believes that these actions – such as the High Level Group of Independent Stakeholders for Administrative Burden Reduction and the Enterprise Europe Network –should be continued and further expanded under the new programme; underlines the need to improve access to finance for SMEs and strengthen the role that the private sector could play; calls for the simplification and rationalisation of the various Union instruments devoted to access to credit ...[+++], guarantees or venture capital, in particular for SMEs with internationalisation plans; calls for a review of the costs and availability of basic banking services for SMEs involved in cross-border – especially cross-currency – trade, including outside the EU; encourages the Member States to explore the possibility of using parts of their national corporate tax revenues to facilitate access to loan guarantees for SMEs; stresses that all instruments, in particular the non-financial instruments, should be adopted based on a critical evaluation of the CIP and in close cooperation with SME organisations;

Council Decision 91/373/EEC of 8 July 1991 on the conclusion by the European Economic Community of an Agreement in the form of an Exchange of Letters between the European Economic Community and the Union of Soviet Socialist Republics on a credit guarantee for exports of agricultural products and foodstuffs from the Community to the Soviet Union (1) and Council Regulation (EEC) No 599/91 of 5 March 1991 introducing a credit guarantee for exports of agricultural pro ...[+++]ducts and foodstuffs from the Community, Bulgaria, Czechoslovakia, Hungary, Poland, Romania, Yugoslavia, Lithuania, Latvia and Estonia to the Soviet Union (2) dealt with a temporary situation and have therefore exhausted their effects.