General Sales Manager
General Sales Manager : Under two programs -- GSM-102 and GSM-103 -- the Agriculture Department's Commodity Credit Corporation provides guarantees for the repayment of commercial credit extended to finance U.S. agricultural export sales. The programs differ principally in the length of their terms of coverage. The GSM-102 program (for General Sales Manager) provides coverage for terms extending from six months to three years. Guarantees are extended to U.S. banks confirming foreign letters of credit issued to assist foreign importers who wish to buy U.S. exports and to help primarily developing countries which may face difficulties in obtaining a loan. The GSM-103 program provides coverage for terms extending from 48 months to ten years. Guarantees are extended foreign importers who wish to buy U.S. exports and to help primarily developing countries which may face difficulties in obtaining a loan
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