Credit Guarantee Scheme

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Revision as of 11:37, 5 May 2013 by imported>Doug Williamson (Organisation check 5/5/13 - added the launch date on 2008 and the closing date of the scheme in 2012. Info from: http://www.dmo.gov.uk/index.aspx?page=cgs/cgs_about)
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(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 in 2008 with the aim of making it easier for financial institutions to borrow money. The Scheme was closed in 2012.

(Not to be confused with the Export Credits Guarantee Department, which relates to exports from the UK.)

See also

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