(a) Requirements for assignment. The Exporter may assign the Payment Guarantee only to a U.S. Financial Institution approved for participation by CCC. The assignment must cover all amounts payable under the Payment Guarantee not already paid, may not be made to more than one party, and may not, unless approved in advance by CCC, be:
CFR 7-1493.120-2014 history
2014CFR 7-1493.120-2014 Agriculture. Part1493:CCC export credit guarantee programs. SubpartB:CCC export credit guarantee (GSM–102) program operations. Section1493.120:Assignment of the payment guarantee.