On August 19, the German–Soviet Commercial Agreement (1939) was reached. The agreement covered "current" business, which entailed a Soviet obligation to deliver 180 million Reichsmarks in raw materials in response to German orders, while Germany would allow the Soviets to order 120 million Reichsmarks for German industrial goods.[98][99][100] Under the agreement, Germany also granted the Soviet Union a merchandise credit of 200 million Reichsmarks over 7 years to buy German manufactured goods[101] at an extremely favorable interest rate.[99]