Glossary
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Maximum permitted repayment terms
Repayment terms defined by the Berne Union and the OECD Consensus Agreement, depending on the amount of the export contract, categorisation of countries (categories I and II) and the type of goods and services to be exported.
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Medium term credit
The NZECO recognises medium term credit as a credit period granted between one and five years. Under the OECD Consensus Agreement, medium term credit is that with a credit period of two to five years.