In Export Finance, a Frame Agreement (sometimes called a Framework Agreement) is a contractual structure between an exporter, a buyer (importer), and often a bank or export credit agency (ECA), which sets out the general terms and conditions under which multiple export transactions will take place.
Instead of negotiating financing terms for each individual contract, a Frame Agreement provides a master set of rules, making subsequent deals faster and more consistent.
This transaction is used to Maintain Frame agreement in connection with an Export Finance.
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