Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 49 views

    Presentation On E.C.G.C: Presented By: Avdhesh Sharma Mukesh Shah

    Uploaded by

    Hitesh Parmar
    ECGC was established in 1957 to provide credit risk insurance and guarantees to exporters against losses from international trade. It is owned by the Indian government and chaired by Dr. Shri Christy Fernandez. ECGC helps exporters by offering various insurance products that protect against payment risks from overseas buyers or banks. It also provides resources to exporters on country risk ratings and recovering debts. ECGC has over 500 employees operating from 5 regional offices and 51 branches across India.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Presentation On E.C.G.C: Presented By: Avdhesh Sharma Mukesh Shah

    Uploaded by

    Hitesh Parmar
    49 views14 pages
    ECGC was established in 1957 to provide credit risk insurance and guarantees to exporters against losses from international trade. It is owned by the Indian government and chaired by Dr. Shri Christy Fernandez. ECGC helps exporters by offering various insurance products that protect against payment risks from overseas buyers or banks. It also provides resources to exporters on country risk ratings and recovering debts. ECGC has over 500 employees operating from 5 regional offices and 51 branches across India.

    Original Description:

    pptx

    Original Title

    ecgc-15-3-2009-090329125540-phpapp01

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    ECGC was established in 1957 to provide credit risk insurance and guarantees to exporters against losses from international trade. It is owned by the Indian government and chaired by Dr. Shri Christy Fernandez. ECGC helps exporters by offering various insurance products that protect against payment risks from overseas buyers or banks. It also provides resources to exporters on country risk ratings and recovering debts. ECGC has over 500 employees operating from 5 regional offices and 51 branches across India.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    49 views14 pages

    Presentation On E.C.G.C: Presented By: Avdhesh Sharma Mukesh Shah

    Uploaded by

    Hitesh Parmar
    ECGC was established in 1957 to provide credit risk insurance and guarantees to exporters against losses from international trade. It is owned by the Indian government and chaired by Dr. Shri Christy Fernandez. ECGC helps exporters by offering various insurance products that protect against payment risks from overseas buyers or banks. It also provides resources to exporters on country risk ratings and recovering debts. ECGC has over 500 employees operating from 5 regional offices and 51 branches across India.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 14

    PRESENTATION ON

    E.C.G.C
    Presented By :
    Avdhesh Sharma
    Mukesh Shah

    ECGC : AN OVERVIEW
    Established on 30th July 1957
    Chairman & M.D Dr. Shri Christy Fernandez
    Board of Directors
    Ministry of Commerce
    Authorized Capital Rs.1000 crore
    Paid-up Capital of Rs.600 crore (Proposed Rs.800

    crore)
    5 Regional Offices, 51 Branches
    Registered with IRDA on 27.9.2002.
    NUMBER OF EMPLOYEES = 625

    What does ECGC do


    Provides a range of credit risk insurance covers to

    exporters against loss in export of goods and


    services
    Offers guarantees to banks and financial
    institutions to enable exporters obtain better
    facilities from them
    Provides Overseas Investment Insurance to Indian
    companies investing in joint ventures abroad in
    the form of equity or loan.
    Economic difficulties or balance of payment
    problems may lead a country to impose
    restrictions on either import of certain goods or on
    transfer of payments for goods imported.

    How does ECGC help exporters ?


    Offers insurance protection to exporters against

    payment risks
    Provides guidance in export-related activities
    Makes available information on different countries
    with its own credit ratings
    Makes it easy to obtain export finance from
    banks/financial institutions
    Assists exporters in recovering bad debts
    Information on credit-worthiness of overseas
    buyers

    ECGC - STRENGTHS
    Expertise in this line
    Berne union membership
    Large database
    Extensive service network
    Reinsurance treaties
    International alliances

    Country Risk
    Classification
    Risk category

    ECGC
    classification

    Insignificant

    A1

    Low

    A2

    Moderate

    B1

    High

    B2

    Very High

    C1

    Restricted

    C2

    Off Credit

    ECGC OVERALL PERFORMANCE


    1957 TO 2005 .
    Year/ Performance

    1957

    2004

    2005

    Policy Holders (In Number)

    146

    11000

    12492

    Export Value Covered (Rs Crore)

    1.3

    3,37,79
    2

    3,75,39
    0

    Premium Income (Rs Lakh )

    0.43

    44,500

    51,500

    Claim Paid ( Rs Lakh)

    4.51

    45,000

    35,100

    No. Branches

    36

    50

    Product Portfolio

    24

    25

    Risk Covered
    Buyers Risks
    Insolvency
    Protracted Default
    Contract Repudiation
    Bank Risks
    Insolvency of the Bank
    Protracted Default

    Risk Covered (Contd..)


    Political Risks
    Inconvertibility
    Contract Frustration
    Contract Cancellation
    Import Restriction
    Shipment Diversion

    Risk Not Covered


    Commercial disputes
    Causes inherent in the nature of goods
    Buyers failure to obtain Import license
    Insolvency/default of Agents
    Risks covered by other general Insurers

    like transit loss etc.


    Exchange rate fluctuation
    Failure of Exporter to fulfill terms of
    contract

    Various Products
    Standard policy
    Small Exporters policy
    Export Turnover policy
    Export (Specific Buyer) Policy
    Specific Shipment Policy
    Services Policy
    Software policy

    project policy
    IT enabled service policy

    Special Schemes ...


    TRANSFER GUARANTEE
    OVERSEAS INVESTMENT INSURANCE
    EXCHANGE FLUCTUATION RISK COVER

    Other Developments
    Premium rationalization
    Wide area network
    E- connectivity
    Branch expansion
    Banc assurance arrangements
    Sales promotion agents
    Tie-up with National Insurance
    Review of classification of countries
    Streamlining claim procedures

    YOU FOCUS ON EXPORTS


    WE COVER THE RISKS
    THANKYOU !!!

    You might also like