(1) equity risk participation in which CEXIM finances the amount of the participation; Industry groups have tried to ensure that risk equity agreements are not treated as swaps by the SEC. The revised Framework Agreement on Participation has retained many of the 2008 provisions, but it also contains amended and new provisions to reflect the significant changes in industry practices and changes in the global regulatory landscape that have taken place since 2008. Export credit insurance financing is an insurance credit facility granted by a lender to an exporter and intended to protect the exporter against the risk of non-payment by a foreign importer. Export credit insurance can be short-term or long-term.