21/11 91 13:59
071 512 7649
ECGDHQ LONDON
BRIEF FOR LORD CAITHNESS' VISIT TO CHINA AND HONG KONG 27 NOVEMBER AND 7 DECEMBER 1991
260
002
ECGD
HONG KONG
Background (not for disclosure)
Treasury have stated that
-
нко о
огра
MD 22/11
ECGD
州
For medium and long term cover Treasury authority is required for individual transactions in excess of £100m and for aggregate new
new commitments of over £200m in any one year. any decision relating to cover on the Lantau Fixed Crossing which would involve a commitment of some £400m will have to be referred to Ministers for consideration. Other major prospective business is likely to
require similar consideration.
Points to Make (DEFENSIVE)
Cover
ECGD short term cover is available without restriction. for medium/long term credit business is available on a first
first served basis subject to ECG)'s normal
come
controls.
exposure
J064, M11