Credit Guarantee Scheme
From ACT Wiki
(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.)
Related words
- [[Export Credits Guarantee Department]
