ANNOUNCEMENT 22 Aug 2013In August 2013, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Efic Annual Report 2012/13
On 22 August 2013, the Australian export credit agency Efic published its 2012/13 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was Xstrata Coal Queensland Pty Ltd, where Efic joined in a risk participation agreement worth 39.5 million AUD (Efic's participation) for exports of coking coal.
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 2013, was set as the inception date.