Credit Guarantee Scheme: Difference between revisions
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==Related words== | ==Related words== | ||
[[Asset purchase facility]] | * [[Asset purchase facility]] | ||
* [[Export Credits Guarantee Department] | * [[Export Credits Guarantee Department]] | ||
Revision as of 17:01, 5 November 2012
(CGS).
A UK Treasury scheme under which banks and other financial institutions could obtain credit insurance effectively backed by the government in return for a fee (designed to be calculated on a full commercial basis).
The CGS was launched with the aim of making it easier for financial institutions to borrow money. The Scheme was closed to new issuance in 2010.
(Not to be confused with the Export Credits Guarantee Department, which relates to exports from the UK.)
