Global Trade Alert
Global Trade Alert

UK: Introduction of the Letter of Credit Guarantee Scheme

Announcement

01 Oct 2009

In October 2009, the British government announced a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Oct 2009

Revocation date:

No revocation date

Announced: 01 Oct 2009
Local content incentive In force
According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.
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Announced: 01 Oct 2009
Trade finance In force
In October 2009, the UK government launched the Letter of Credit Guarantee Scheme covering up to 90% of the risk on eligible letters of credit for British exporters. According to the information guid...
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