Exportförderungskredite

English translation: export promotion credits

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Exportförderungskredite
English translation:export promotion credits
Entered by: Steffen Walter

16:50 Mar 2, 2005
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
German term or phrase: Exportförderungskredite
Bitte was heisst das? Es erscheint in einer Tabelle, die das österreichische Doppelbesteuerungsabkommen beschreibt, und kommt im folgenden Nebensatz vor: "Bei staatlichen Exportsförderungskrediten und an die Notenbank."
Sarah Shaefer
export promotion credits
Explanation:
However, “export promotion” should not be understood as the granting of subsidies, financial aid or direct payments to exporters. Instead, this system consists of state-supported export guarantees. They insure against certain risks arising when dealing with international contract partners as far as such risks cannot be covered appropriately by private export credit insurers. This type of hedging in the form of guarantees by the Federal Minister of Finance enables exporters the access to favourable financing conditions for their export businesses.
The so called "Paris Club" (multilateral forum of creditor states) deals with payment difficulties in the field of state-guaranteed export credits and development aid credits. Based on a Paris Club agreement, solutions are implemented bilaterally.

http://english.bmf.gv.at/EconomicPolicy/Exportsupport/_start...

Selected response from:

Kim Metzger
Mexico
Local time: 04:47
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4(state) export promotion loans / (state) loans for the promotion of exports
Michael Schubert
4export promotion credits
JeffFish (X)
3export promotion credits
Kim Metzger
1export subvention loans/credit
Derek Gill Franßen


  

Answers


3 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5
Exportsförderungskrediten
export subvention loans/credit


Explanation:
It's more of a guess really (and pretty literal too). ;-)

Derek Gill Franßen
Germany
Local time: 11:47
Specializes in field
Native speaker of: English
PRO pts in category: 94
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9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Exportsförderungskrediten
(state) export promotion loans / (state) loans for the promotion of exports


Explanation:
ZAHN: Exportförderung = export promotion, promotion of (assistance to) exports

DIETL/LORENZ: Exportförderung = Ausfuhrförderung (State) measures to encourage (or promote) exports; export promotion, export drive

Michael Schubert
United States
Local time: 03:47
Native speaker of: Native in EnglishEnglish
PRO pts in category: 19
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10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Exportsförderungskrediten
export promotion credits


Explanation:
According to Schäfer Wirtschaftsenglisch

--------------------------------------------------
Note added at 12 mins (2005-03-02 17:02:41 GMT)
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http://www.ifc.org/ifcext/oeg.nsf/Content/EIE_wbprojects
http://www.indusind.com/p_b_corp/guar.html
http://www.matrade.gov.my/market-info/country-profiles/cp-in...

JeffFish (X)
Local time: 11:47
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Exportsförderungskrediten
export promotion credits


Explanation:
However, “export promotion” should not be understood as the granting of subsidies, financial aid or direct payments to exporters. Instead, this system consists of state-supported export guarantees. They insure against certain risks arising when dealing with international contract partners as far as such risks cannot be covered appropriately by private export credit insurers. This type of hedging in the form of guarantees by the Federal Minister of Finance enables exporters the access to favourable financing conditions for their export businesses.
The so called "Paris Club" (multilateral forum of creditor states) deals with payment difficulties in the field of state-guaranteed export credits and development aid credits. Based on a Paris Club agreement, solutions are implemented bilaterally.

http://english.bmf.gv.at/EconomicPolicy/Exportsupport/_start...



Kim Metzger
Mexico
Local time: 04:47
Native speaker of: Native in EnglishEnglish
PRO pts in category: 161
Login to enter a peer comment (or grade)



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