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Old 8th July 2015, 09:57 AM
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Default ECGC Factoring Services

Can you please give me details about the Factoring Services of the Export Credit Guarantee Corporation of India, as here I am looking for the details of the same? Also tell me about the salient features of ECGC's Non-Recourse Maturity Export Factoring?
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Old 13th March 2018, 09:03 AM
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Default Re: ECGC Factoring Services

Hello sir, is there any one can tell me which factoring services are provided by ECGC? Please provide me detail for Export Credit Guarantee Corporation factoring services?
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Old 13th March 2018, 09:05 AM
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Default Re: ECGC Factoring Services

The ECGC is provides Factoring a financial transaction. The Export Credit Guarantee Corporation of India is the fifth largest credit insurer of the world in terms of national exports coverage, will be launching a full-fledged factoring business.

The international export factoring business will be an in house division of ECGC in Mumbai.

For financing facilities with exporters, ECGC is in tie-up talks with banks such as IDBI, HDFC and Corporation Bank.

ECGC was endorsing the partner bank to finance 80-90 per cent of the invoice value. On ECGC's endorsement which was backed by irrecoverable guarantee, the bank was finance the exporter.

Detail for Export Credit Guarantee Corporation factoring services




Services Rendered By Factors For Domestic Sales Are Of Six Types:
Full Factoring
Recourse Factoring
Maturity Factoring
Advance Factoring
Undisclosed Factoring, and
Invoice Discounting

The functions or ingredients of full factoring services are:

Financing, by way of pre payment of the receivables;
Sales Ledger Maintenance;
Collection of receivables/ Recovery of bad debts; and
Credit Protection against bad debts

ECGC Special Schemes:

Factoring
Buyers Credit Cover
Lines of Credit Cover
Transfer Guarantee (TG)
Overseas Investment Insurance
Customer Specific Covers
NEIA
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