ABSTRACT
Perhaps the most concise definition of export credits available is set forth by the OECD in its review of the export credit financing systems of member countries:
Broadly defined, an export credit arises whenever a foreign buyer of exported goods or services is allowed to defer payment. Export credits … may take the form of “supplier credits”, extended by the exporter, or of “buyer credits”, where the exporter’s bank or other financial institution lends to the buyer (or his bank). Export credit agencies may give official support to both types of credit. 1
