Guarantees repayment when U.S. banks extend credit to foreign banks to finance sales of U.S. agricultural products.
The GSM-102 program provides credit guarantees to encourage financing of commercial exports of U.S. agricultural products. By reducing financial risk to lenders, credit guarantees encourage exports to buyers in countries — mainly developing countries — that have sufficient financial strength to have foreign exchange available for scheduled payments.
The program is available to exporters of:
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- high-value, consumer-oriented, processed products such as frozen foods, fresh produce, meats, condiments, wine and beer;
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- intermediate products such as hides, flour and paper products; and
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- bulk products such as grains, oilseeds and rice.
More about the GSM-102 Export Credit Guarantee Program
How to Apply
New to the Program?
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- Start by submitting the Exporter Qualification Application
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- Then, create a USDA eAuthentication account by visiting https://www.eauth.usda.gov/ and requesting Level 2 access
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- Once your account is activated, you will be able to access the GSM Online System. Each person in your organization who uses the system must obtain an eAuthentication ID. Please do not share your User ID and password with anyone.
Already Enrolled?
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- Go directly to the GSM Online System.
If you have questions about the GSM Online System, email gsm.registrations@usda.gov or call (202) 720-3224.
Contact
Credit Programs Division
(202) 720-6211
gsm.registrations@usda.gov
Resources
Regulations
7 CFR Part 1493 – CCC Export Credit Guarantee Programs Final Rule
7 CFR Part 1493 – CCC Export Credit Guarantee Programs (prior to December 18, 2014)
Federal Register Notices
Program Notices
CCC Announces Coverage on Additional Payment Options for Letters of Credit Under the GSM-102 Program
Remitting GSM-102 & Facility Guarantee Program Fees
Anti-Bribery Notice for Participants in USDA Export Credit Guarantee Programs
CCC Amends Coverage of Non-Interest-Bearing Debt Obligations Under the GSM-102 Program
Change in Interest Computation Policy
Country Entry Documentation Requirements
Cotton and Products: Updated Requirements for Commodity Specifications and Application Information
Clarification of Policy Regarding Proof of Export/Import for Rail Cars and Trucks Entering Mexico
Sale Data Required for Export Sales of U.S. Planting Seeds Under GSM-102 and GSM-103 Programs
Policies & Procedures
GSM-102 Eligibility Requirements for U.S. Financial Institutions
GSM-102 Eligibility Requirements for Foreign Financial Institutions
GSM-102 Approved Foreign Financial Institutions
Submission of GSM-102 & Facility Guarantee Program Documents
GSM-102 and Facility Guarantee Program Participating U.S. Financial Institutions
Sample Template for Applying for GSM-102 Payment Guarantees
