Servizi Assicurativi del Commercio Estero


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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.
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The agreement was signed between the Export Guarantee Fund of Iran (EGFI) and Italy's Servizi Assicurativi del Commercio Estero (SACE) and under the agreement, SACE will offer EGFI advisory and training services on products, processes, and risk assessment and management.
The collateral is a pool of export credit transactions originated by Istituto per I Servizi Assicurativi del Commercio Estero (SACE), the Italian credit export agency.

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