Miscellaneous provisions.

CFR · 2024-01-01 · US · Title 7

(a) (i) Made to one party acting for two or more parties; or (ii) Subject to further assignment. (2) An original and two copies of the written notice of assignment signed by the parties thereto must be filed by the assignee with the Treasurer, CCC, at the address specified in the Contacts P/R. (3) Receipt of the notice of assignment will ordinarily be acknowledged to the exporter and its assignee in writing by an officer of CCC. In cases where a financial institution is determined to be ineligible to receive an assignment, in accordance with paragraph (b) of this section, CCC will provide notice thereof, to the financial institution and to the exporter issued the payment guarantee, in lieu of an acknowledgment of assignment. (4) The name and address of the assignee must be included on the written notice of assignment. (b) (1) Is not in sound financial condition, as determined by the Treasurer of CCC; (2) Owns or controls the entity issuing the importer obligation; or (3) Is owned or controlled by an entity that owns or controls the entity issuing the importer obligation. (c) (1) At the time of assignment of a payment guarantee, is not in sound financial condition, as determined by the Treasurer of CCC; (2) Owns or controls the entity issuing the importer obligation; or (3) Is owned or controlled by an entity that owns or controls the entity issuing the importer obligation. (d) (e) (2) The exporter must maintain the proof of entry required by § 1493.490(b), and must provide ac

official document · source cfr-2024 · id 7:§ 1493.530