Credit Guarantee Scheme: Difference between revisions

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''Credit risk - credit insurance - UK.''
(CGS).  
(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).
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 with the aim of making it easier for financial institutions to borrow money. 
The UK CGS was launched in 2008 and closed in 2012.
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==
== See also ==


[[Asset purchase facility]]
* [[Asset Purchase Facility]]
* [[Export Credits Guarantee Department]  
* [[Export Credits Guarantee Department]]
* [[Credit guarantee scheme]]
* [[Credit insurance]]
* [[Credit risk]]
* [[Treasury]]


[[Category:Manage_risks]]

Latest revision as of 22:14, 3 October 2023

Credit risk - credit insurance - UK.

(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 UK CGS was launched in 2008 and closed in 2012.


See also