Skip to main content

UK Export Finance

  • Chapter
  • First Online:
  • 1415 Accesses

Part of the book series: Finance and Capital Markets Series ((FCMS))

Abstract

The term “ECGD” stands for Export Credit Guarantee Department. It is a separate department of the British Government. It was set up in 1919 to help British exporters to export goods to other countries. Like any other country, the UK also needs foreign exchange but there are more risks in exporting overseas than selling in the local market. The manufacturers and services providers are not willing to take such risks in selling their products and services overseas. The ECGD encourages the exporters to export more of their products and services by providing insurance against the commercial and political risks of not being paid by overseas buyers after goods were exported. A section of ECGD dealing with exporters trading on short terms of credit basis (i.e. up to two years) was sold to Atradius (formerly NCM Credit Insurance Limited) in 1991.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   79.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2019 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Bhogal, T., Trivedi, A. (2019). UK Export Finance. In: International Trade Finance. Finance and Capital Markets Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-24540-5_20

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-24540-5_20

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-24539-9

  • Online ISBN: 978-3-030-24540-5

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics