Credit Guarantee Scheme: Difference between revisions
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imported>Doug Williamson (Added former and made closure more definite) |
imported>Doug Williamson (Update for closing of Scheme.) |
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(CGS). | (CGS). | ||
A former 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). | A former 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 in 2008 with the aim of making it easier for financial institutions to borrow money. | The CGS was launched in 2008 with the aim of making it easier for financial institutions to borrow money. | ||
( | The CGS closed in 2012. | ||
(The former CGS should not be confused with the UK [[Export Credits Guarantee Department]], which relates to ''exports'' from the UK.) | |||
Revision as of 15:06, 14 January 2016
(CGS).
A former 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 in 2008 with the aim of making it easier for financial institutions to borrow money.
The CGS closed in 2012.
(The former CGS should not be confused with the UK Export Credits Guarantee Department, which relates to exports from the UK.)
