ANNOUNCEMENT 28 Aug 2014In August 2014, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Efic Annual Report 2013/14
On 28 August 2014, the Australian export credit agency Efic published its 2013/14 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was McConell Dowell, which was offered a bond worth 20.77 million AUD for an engineering project in Papua New Guinea.
Given that Efic does not provide the exact date that the trade finance deal was signed, the most conservative date, i.e. the 30 June 2014, was set as the inception date.