IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Trade finance

 On 25 June 2015, the Australian export-financing authority Efic announced it would partner up with its first non-bank lending entity Scottish Pacific, the country's biggest working capital provider.
In a press statement, Efic stated the partnership would open up new funding options particularly for export-oriented SMEs as well as other SMEs involved in the supply chains of export projects. Scottish Pacific CEO Peter Langham was also quoted in the statement saying "We are now helping in all areas of the working capital cycle, for businesses with borrowing requirements from $10,000 up to $30 million".

AFFECTED COUNTRIES

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