The EXPORT-IMPORT BANK of the UNITED STATES. It is the Export Credit Agency (ECA) of the United States which provides coverage against buyer non-payment risk for financing arranged to promote US exports.

ExIm Bank support can be accessed in the form of guarantees or insurance as well as direct lending

The underlying financing may involve a broad range of financial instruments (e.g., floating rate notes, fixed rate notes, letters of credit, etc.)

What does FINEX offer?
Financing for capital goods (machinery & equipment) and services exported from the USA to foreign buyers covered by EXIM Bank credit guarantee or insurance programs.

• Amount: Can arrange small to large amounts
• Currency: Usually USD
• Competitive Price: Low margins and up-front costs, the ExIm guarantee premiums are financeable or payable on per annum basis
• Purpose: Financing of Capital expenditures
• Interest rate risk: Fixed or floating during the life of the loan
  

Summary of ExIm Bank Rules

- ExIm Bank programs cover 85% of the total amount of the U.S. supply contract.
- Cash paymet: The buyer is required to make cash payment to the exporter equal to at least 15% of the U.S. supply contract before the use of the ExIm Bank facility
- Local and other costs: Local costs can be included up to the amount of the cash payment (15%). Freight can be included to initial port of importation
- ExIm Bank coverage amount typically limited to 40% of the borrower’s tangible net worth.