Definition: Claim payments

Category: External debt - IMF

Payments made to exporters or banks, after the claims-waiting period, by an export credit agency on insured or guaranteed loans when the original borrower or borrowing-country guarantor fails to pay. These are recorded by the agencies as unrecovered claims until they are recovered from the debtor or the debtor’s guarantor. http://ec.europa.eu/eurostat/ramon/statmanuals/files/external_debt_guide_2003_EN.pdf#page=255