Forfaiting Glossary

Glossary Items beginning with : E

ECA

Export Credit Agency. A government sponsored organisation providing export credit insurance and loans to support businesses in its country e.g. Exim Bank in the USA, ECGD in the UK.

ECGD : Export Credit Guarantee Department

The British ECA.

Escrow Account

A bank account set up to hold in trust funds in relation to a specific purpose.

EURIBOR

Euro Interbank Offer Rate.

EXIM : Export Import Bank

The equivalent of the ECA in various countries such as the United States of America, Japan, China, India and others.