ANNOUNCEMENT 16 Aug 2012In August 2012, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Efic Annual Report 2011/12
On 16 August 2012, the Australian export credit agency Efic published its 2011/12 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was Australia Rural Exports Pty Ltd, which was offered an export working capital guarantee worth 42.6 million AUD for breeding cattle exports to China.
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 2012, was set as the inception date.