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Global Trade Finance Program (GTFP) of the International Fi-nance Corporation (IFC), Washington DC 228 l Introduction 228 l Features of the program 229 l How it works 229 u Export services 230 u Lines of credit 230 l Procedural flow chart 231 l Eligible goods 232 l General 232 CHAPTER 6.2 ExPORT CREDIT GUARANTEE CORPORATIONOF INDIA u What is ECGC? 233 u What does ECGC do? 233 Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance. Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600.

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