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EFIC funds Footcare’s worldwide expansion

26 February 2010

Australia’s export credit agency Export Finance and Insurance Corporation is financing manufacturer Footcare International to expand its overseas sales.

Read more: [EFIC Footcare International] [EFIC Headway SME] [EFIC funds Footcare]

Australia’s export credit agency Export Finance and Insurance Corporation (EFIC) is financing manufacturer Footcare International to expand its overseas sales.EFIC has provided a working capital guarantee to ANZ, enabling the bank to lend an extra $300,000 to Footcare to help finance the company’s strong...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010