SACE


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SACE

The Italian export credit agency.

Servizi Assicurativi del Commercio Estero

An export credit agency (ECA) in Italy. It provides a wide range of export credit and advisory services, and especially extends credit for trade with Africa and the Balkans. Like other export credit agencies, SACE is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
In the medium term, Fitch expects SACE to rebalance its sources of profit towards underwriting results and to a lesser extent, to investment income.
SACE and the banks intend to initiate a collaboration, consistent with applicable regulations and the restoration of the payments system, to identify short- and medium/long- term projects of mutual interest and to develop the insurance-financial structures best suited to support them.
40 million) Musataha Agreement (the right to build and retain a building) with Abu Dhabi Ports in May 2015; and with the support of SACE will establish a fully automated production plant utilising cutting-edge Italian technology to manufacture intricate equipment in various formats and metallurgies.
Under today's agreement, SACE commits to launch the evaluation process in order to ensure an export credit facility to support the project.
Raoul Ascari, Chief Operating Officer SACE SpA said, "SACE has been actively engaged with Indian companies for many years.
Debt"), excluding its SACE facility (see list below).
The SACE Board recognises the importance and relevance of research and developing research skills amongst high school students, which is why it has included a subject called the Research Project in Year 12.
The Export-Import Bank of Korea (KEXIM), Nippon Export and Investment Insurance (NEXI) and Italian export credit agency SACE are providing covered financing, while Japan Bank for International Cooperation (JBIC) is providing direct lending.
The Export-Import Bank of Korea, Nippon Export and Investment Insurance and Italian export credit agency SACE are providing covered financing, while Japan Bank for International Cooperation is providing direct lending.
9 June 2011 - Moody's on Thursday reiterated and terminated Italian export credit agency SACE SpA's Aa2 insurance financial strength rating (IFSR) and baseline credit assessment (BCA) of 2-4.
Global Banking News-December 2, 2010--Zurich ties up with SACE for global surety business(C)2010 ENPublishing - http://www.
Al Ameri, the SACE Facility attracted very strong interest from the international bank market.