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It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank. The ...
The Deposit Insurance Corporation commenced functioning on 1 January 1962, under the aegis of the Reserve Bank of India (RBI). 1971 witnessed the establishment of another institution, the Credit Guarantee Corporation of India Ltd. (CGCI). In 1978, the DIC and the CGCI were merged to form the Deposit Insurance and Credit Guarantee Corporation ...
The Supplier Credit Guarantee Program (SCGP) is a US Export Credit Guarantee Program that covers credit terms up to 180 days. The Commodity Credit Corporation (CCC) guarantees a portion (up to 65%) of payments due from foreign buyers under financing that the exporters have extended directly to the buyers.
With a government-backed guarantee, the securities were sold to raise nearly $30 billion. A temporary share guarantee was established for deposits at corporate credit unions. Bridge corporate credit unions were established to ensure services continued to be provided to consumer credit unions during the transition and resolution timeframe.
A Hermes cover (Hermesdeckung in German) is an export credit guarantee (ECG) by the German Federal Government. These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors.
Card terms and features. Unsecured credit cards. Secured credit cards. Deposit required? No. Yes. Minimum recommended credit score to qualify. Usually 670 or higher (though there are usecured ...
Officially supported export credit may be connected to official development assistance (ODA) in two ways. First, they may be mixed with ODA, while still financing the same project (mixed credit). As the export credit is tied to purchases in the issuing country, the whole package qualifies as a tied aid credit, even if the ODA part is untied aid.
On the other hand, secured business lines of credit may have much lower credit limits than unsecured business loans or lines of credit. For example, some banks might limit a secured line of credit ...