|
|||||||||||
|
|||||||||||
Products & Policies | Special Initiatives Ex-Im Bank is committed to increasing the level of support it provides to U.S. exporters of environmentally beneficial goods and services, as well as to U.S. exporters participating in environmental projects located internationally. To achieve this objective, Ex-Im Bank's Environmental Exports Program (EEP) provides enhanced levels of financial support for a broad range of renewable energy and other environmentally beneficial exports. Financing Products:Short-term environmental export insurance policy provides enhanced short-term, multi-buyer and single-buyer insurance coverage for environmentally beneficial export sales by U.S. small business exporters. The policy provides the exporter with the ability to offer credit terms to its foreign customers for up to 180 days. The features include:
The working capital guarantee enables small- and medium sized businesses to access funds to purchase raw materials and finished goods for export; to pay for materials and overhead to produce goods and services for export; and to cover stand-by letters of credit, and bid and performance bonds. This product gives lenders the confidence to extend loans to exporters for their pre-export funding needs. Enhanced medium-term insurance and guarantees, and long-term loans and guarantees are available for environmentally beneficial export transactions. The enhancements include:
Environmentally Beneficial Exports:Exports qualifying for enhanced support under Ex-Im Bank's Environmental Export Program include (subject to Ex-Im Bank's determination):
The following lists examples of transactions generally considered eligible for the Environmental Export Program, subject to credit review and compliance with Ex-Im Bank policies, including U.S. content and the Ex-Im Bank Environmental Guidelines. Exports for the following types of projects are generally considered eligible:
The following types of U.S. exports are generally considered eligible:
Maximum Allowable Repayment Terms: Under the Environmental Exports Program, Ex-Im Bank will provide the maximum repayment term permitted by the OECD, subject to certain Ex-Im Bank limitations. The maximum OECD repayment terms vary from 8.5 to 15 years1, depending on the OECD country category and the industrial sector of the exports and underlying project. Ex-Im Bank's ability to offer the maximum repayment term is subject to and may be limited by Ex-Im Bank's Country Limitation Schedule (CLS), credit considerations, and the useful life of the export. (The current CLS may be viewed on Ex-Im Bank's web site.) Exports for projects in the following sectors are covered by an OECD Agreement permitting repayment terms up to 15 years:
Renewable Energy:
Water Sector:
1Exports to Category I countries are eligible for up to 8.5 year repayment terms, while exports to Category II countries are eligible for up to 10 years. Non-nuclear power plants are eligible for up to 12-year repayment terms, regardless of country category. Under an OECD agreement that became effective on July 1, 2005, and is to remain in effect for a trial period until June 30, 2009, the maximum repayment term for certain renewable energy and water sector exports has been extended to 15 years, irrespective of the OECD country category. Please see Ex-Im Bank's Standard Repayment Terms fact sheet for more information. Last updated: August 11, 2008 |
|||||||||||
|
|||||||||||