Home > Terms > English, UK (UE) > Blended credit
Blended credit
A federal export promotion programme operated from 1983 to 1985 by the Foreign Agricultural Service. Federally guaranteed commercial loans at market interest rates (GSM-102) were combined (blended) with direct export credits (GSM-5) issued by the CCC at zero interest. This subsidised credit was made available to selected countries for a limited number of agricultural commodities. The programme was terminated in 1985 when a federal judge determined that commodities shipped under blended credit were subject to cargo preference laws, which would have required that 50% of blended credit exports be shipped on higher-cost U.S. flag vessels.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
Other Languages:
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