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USDA Modifies Guarantee Fees Rates for the GSM-102 Program

WASHINGTON, May 1, 2012 – The U.S. Department of Agriculture today announced pending new guarantee fee rates to be charged for coverage under the Commodity Credit Corporation’s Export Credit Guarantee Program (GSM-102). These new guarantee fee rates will apply to applications for payment guarantees and amendment requests received on or after May 4, 2012, 12:01 a.m. (Eastern Time).

The listing of new guarantee fee rates is shown below. These new guarantee fee rates are issued in accordance with 7 C.F.R. Section 1493.70(a) and will be in effect beginning May XX, 2012, until further notice. Program participants are advised that guarantee fee rates may change at any time. Future modifications to guarantee fee rates will be made available on the FAS website.

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