The CCC requires the information described within this package for the purposes of operating and maintaining the GSM-102 program in a judicious manner. CCC uses the information gathered from exporters and financial institutions to issue payment guarantees.
There is a decrease in the number of respondents (from 88 to 47), but an increase in responses (from 3,700 to 4,067). As the program is commercial in nature, program usage tends to run countercyclical to the economy. During the past year, the negative effects of the pandemic on the global economy resulted in an increase in program use among the current participants, causing the increase in responses. Total burden hours decreased overall (from 1,423 to 1,130), despite the increase in total responses, because of the shift to nearly 100% online submissions.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.