Buyer credit

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Buyer credit

A financing provided to a buyer to pay for the supply of goods or services usually by an exporting country or by the supplier company.

Buyer Credit

A credit given to an importer's account by the recipient of a letter of credit (that is, a bank) in exchange for on-time payment. The originator of the letter of credit (the importer's own bank) may negotiate with the recipient for buyer credits.
References in periodicals archive ?
The new programme will fill a market gap by offering small buyer credits and bring substantial benefits to both exporters and importers: to exporters by improving their working capital management and to importers by giving them access to buyer credits on the best terms.
The European Investment Bank is partnering with Northstar Europe and Office du Ducroire Luxembourg in the first ever EIB facility to provide buyer credit financing for European SME and Midcap exports.
Luxembourg to make available buyer credit financing to European SME and Midcap exporters.
The proposed operation fulfils an identified market gap (as documented by the EU Council Working Group on Export Credits) as neither commercial banks nor public promotional banks in most EU member countries are currently capable of providing small credit buyer credits below EUR 5m.