Turkish importers, Agricultural product imports from the United States can be term financed by the Commodity Credit Corporation (CCC) under the United States Department of Agriculture’s ( USDA) GSM 102 program. Under the GSM facility, USDA insures the commercial and country risk; whereas the credit facility is provided by an intermediary bank in the US. Through the process, a sight letter of credit is issued and following the shipping, the intermediary US bank gives a loan to Ekspo Faktoring A.S. and payment is made to the exporter through us. Even though the Turkish Importer is the borrower, credit is allocated by Ekspo Faktoring A.Ş.. Repayments of the principal loan are carried out annually or (optionally) at the end of six month periods. The maximum maturity is two years within the GSM program in which a wide range of goods is accredited. In GSM transactions, the amount of all imports can be credited (usually the value of FOB and for certain categories of goods value of CIF); it is not required to pay in advance alas in some cases Ekspo Faktoring A.S. may request a down payment. Timber wood products, wheat, flour, semolina, rice, rice paddy, fodder seeds, animal feed products, protein foods, livestock, poultry, fish, vegetable oils, seeds, tallow, oil, animal fat, dairy products, meats, cattle, cotton, cotton yarn, cotton products, crop seeds, ethyl alcohol, farm animals (cattle, sheep, goats, horses, sperm and embryos included) can be imported under this program.