-ECGC helps exporters by offering the insurance coverage against the payment. risks. where many Indian exporters are for the first time, pouring into international trade.
-ECGC has first hand information in export related activities, particularly in areas of potential risk associated with countries. Modo and mode of payment in a globally challenging trade rejig and offers guidance to exporters to help them out to avoid risk in such deals.
-ECGC with its networks. with other credit risk agencies in the world published. the information on risk perception of different countries with its own credit ratings and helps the exporters to avoid them.
-ECGC acts as facilitators in obtaining the export finance from banks and financial institutions through various guarantees to banks and financial institutions.
-ECGC assists exporters In recovering bad debts from defaulters by helping them out to proceed legal and diplomatic channels.
ECGC maintains database of domestic and international exporters and importers, and shares it with other credit risk insurance agencies provides information on the creditworthiness of overseas and domestic traders.
ECGC offers a wide range of products And services to exporters, including customized products to meet their requirement and needs for the export credit insurance.
ECGC and its structure;
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ECGC is established on 13 July 1957 and mandated to promote exports.
- Managed by Board of directors and the Ministry of Commerce and industry, GOI.
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Incorporated as export risk insurance corporation. Eric 1957 and converted to ECGC in 1964. And finally, known as ECGC in 1983
- ECGC has authorized capital up to 1000 crores and paid up capital of 900 crores.
- Register office Mumbai 5 regional offices and 52 branches.
- member of Barne Union. Fifty three members from 40 to countries. are members of this international unit of credit investment insurers.
- Alliance with COFACE, France, D & B
- Registered with insurance regulatory and development authority during September 2002.
- ECGC branches RISO 9001: 2001 certified.
- ECGC has largest database of buyers and also maintains list of buyers with adverse experience.
- GOI instilled confidence in ECGC by establishing national export insurance account with a corpus of rupees 2000 crore to be operated by ECGC.
- Tie up with NSIC to offer our products to a number of SME's spread over India.
- Full fledged factoring scheme launched.
- Domestic credit risk insurance is on the agenda
- A creditor with IAAA by investment information and credit rating agency. Associate of Modi's investors service, indicating high claim paying ability and best prospects of meeting PH' S obligation.