IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxvy2015i2p505-510.html
   My bibliography  Save this article

The impact of Implementing a New Rating System for the Framework Covenant on the Guarantee and Counter-Guarantee Coverage Level for SME Loans on the Access to Finance

Author

Listed:
  • Dumitru Nancu

    („Ovidius” University of Constanta)

Abstract

The National Credit Guarantee Fund for Small and Medium Enterprises IFN SA (abbreviated as FNGCIMM SA – IFN in Romanian) was established in December 2001 by GD no. 1211/2001, in order to support the entrepreneurs’ activities (SMEs (small and medium enterprises), cooperative enterprises and natural persons authorized to do business under the law in force). As a joint-stock company whose sole shareholder is the Romanian State, represented by the Ministry of Finance, the Fund is a state instrument used in order to implement those policies that support the development of SMEs, which represents a priority of the national economic and social policies. The National Credit Guarantee Fund for Small and Medium Enterprises IFN SA is a financial instrument managed by the Ministry of Public Finances, providing guarantees and counter-guarantees to financial intermediaries, for the loans granted to SMEs by financial institutions, in order to increase the financing offer by the loans granted to SMEs.

Suggested Citation

  • Dumitru Nancu, 2015. "The impact of Implementing a New Rating System for the Framework Covenant on the Guarantee and Counter-Guarantee Coverage Level for SME Loans on the Access to Finance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 505-510, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:505-510
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2015/i2/ANALE%20vol%2015%20issue_2_2015_site.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    new rating model; Framework Covenant; Guarantee Coverage Level.;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:505-510. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.