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WASHINGTON, June 30, 2005 – The U.S. Department of Agriculture today announced new guarantee fee rates to be charged for coverage under the Commodity Credit Corporation’s Export Credit Guarantee Program (GSM-102) and the Supplier Credit Guarantee Program (SCGP). The guarantee fee on applications for payment guarantees and amendment requests received on or after July 1, 2005, 12:01 AM EDT, under these programs will be calculated using the rates detailed in this notice. The Commodity Credit Corporation (CCC) will use a risk-based fee structure for the GSM-102 and SCGP programs. Fee rates will be based on the country risk that CCC is undertaking, as well as the repayment term (tenor) and repayment frequency (annual or semi-annual) under the guarantee. For the GSM-102 program, country risk will be based on the country of the foreign obligor (opening bank), as determined by the CCC. For the SCGP, country risk will be based on the country of the foreign obligor (importer), as determined by the CCC. The listing of all eligible banks is available on the Internet at http://www.fsa.usda.gov/ccc/banks_foreign.htm. The listing of all countries programmed and their CCC risk rating is available on the Internet at http://www.fas.usda.gov/excredits/countryrisk.html . GSM-102 GUARANTEE FEE RATE SCHEDULE Until further notice and in accordance with 7 C.F.R. Section 1493.70(a), the following table shows the guarantee fee rates, in cents per $100 dollars of coverage (based on guaranteed value), for the GSM-102 program. GSM-102 (Premium per US $100 of coverage)
Annual Payment of Principal | Risk Category | | Tenor | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | | 9 Months1 | $0.290 | $0.315 | $0.340 | $0.377 | $0.452 | $0.526 | $0.563 | Ineligible | | 12 Months2 | $0.319 | $0.346 | $0.373 | $0.411 | $0.490 | $0.570 | $0.612 | Ineligible | | 15 Months3 | $0.348 | $0.376 | $0.406 | $0.446 | $0.529 | $0.614 | $0.660 | Ineligible | | 18 Months4 | $0.377 | $0.407 | $0.439 | $0.480 | $0.567 | $0.658 | $0.709 | Ineligible | | 24 Months5 | $0.435 | $0.469 | $0.505 | $0.550 | $0.645 | $0.747 | $0.806 | Ineligible | | 30 Months6 | $0.493 | $0.530 | $0.571 | $0.619 | $0.722 | $0.835 | $0.903 | Ineligible | | 36 Months7 | $0.551 | $0.592 | $0.637 | $0.688 | $0.799 | $0.924 | $1.000 | Ineligible | 1/ Full repayment at 9 months. 2/Full repayment at 12 months. 3/4/5 at 12 months, remaining 1/5 at 15 months. 4/2/3 at 12 months, remaining 1/3 at 18 months. 5/1/2 at 12 months, remaining 1/2 at 24 months. 24-month fee rates also apply in case of the 720-day credit terms. 6/2/5 at 12 months, 2/5 at 24 months, remaining 1/5 at 30 months. 71/3 at 12 months, 1/3 at 24 months, remaining 1/3 at 36 months. GSM-102 (Premium per US $100 of coverage)
Semi-Annual Payment of Principal | Risk Category | | Tenor | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | | 30 Days8 | $0.161 | $0.176 | $0.190 | $0.215 | $0.261 | $0.304 | $0.323 | Ineligible | | 60 Days8 | $0.166 | $0.181 | $0.196 | $0.220 | $0.267 | $0.311 | $0.331 | Ineligible | | 90 Days8 | $0.170 | $0.186 | $0.201 | $0.226 | $0.274 | $0.319 | $0.339 | Ineligible | | 4 Months8 | $0.175 | $0.191 | $0.206 | $0.231 | $0.280 | $0.326 | $0.347 | Ineligible | | 6 Months8 | $0.184 | $0.200 | $0.217 | $0.242 | $0.292 | $0.340 | $0.363 | Ineligible | | 9 Months9 | $0.212 | $0.230 | $0.248 | $0.275 | $0.330 | $0.384 | $0.411 | Ineligible | | 12 Months10 | $0.239 | $0.260 | $0.280 | $0.308 | $0.368 | $0.428 | $0.459 | Ineligible | | 15 Months11 | $0.271 | $0.292 | $0.316 | $0.347 | $0.411 | $0.478 | $0.513 | Ineligible | | 18 Months12 | $0.302 | $0.326 | $0.351 | $0.384 | $0.454 | $0.526 | $0.567 | Ineligible | | 24 Months13 | $0.363 | $0.391 | $0.421 | $0.458 | $0.538 | $0.623 | $0.672 | Ineligible | | 30 Months14 | $0.423 | $0.454 | $0.489 | $0.531 | $0.619 | $0.716 | $0.774 | Ineligible | | 36 Months15 | $0.482 | $0.518 | $0.557 | $0.602 | $0.699 | $0.809 | $0.876 | Ineligible | 8/ Full repayment at 30, 60 or 90 days and 4, 6 months. 9/2/3 at 6 months, remaining 1/3 at 9 months. 10/1/2 at 6 months, remaining 1/2 at 12 months. 11/2/5 at 6 months, 2/5 at 12 months, remaining 1/5 at 15 months. 12/1/3 at 6 months, 1/3 at 12 months, remaining 1/3 at 18 months. 13/1/4 at 6 months, 1/4 at 12 months, 1/4 at 18 months, remaining 1/4 at 24 months. 24-month fee rates also apply in case of the 720-day credit terms. 14/1/5 at 6 months, 1/5 at 12 months, 1/5 at 18 months, 1/5 at 24 months, remaining 1/5 at 30 months. 15/1/6 at 6 months, 1/6 at 12 months, 1/6 at 18 months, 1/6 at 24 months, 1/6 at 30 months, remaining 1/6 at 36 months. SCGP GUARANTEE FEE RATE SCHEDULE Until further notice and in accordance with 7 C.F.R. Section 1493.460(a), the following table shows the guarantee fee rates, in cents per $100 of coverage (based on guaranteed value), for the SCGP. SCGP (Premium per US $100) | Risk Category | | Tenor | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | | 15 Days | $0.350 | $0.363 | $0.390 | $0.428 | $0.480 | $0.546 | $0.626 | Ineligible | | 30 Days | $0.380 | $0.393 | $0.420 | $0.460 | $0.513 | $0.580 | $0.660 | Ineligible | | 45 Days | $0.410 | $0.423 | $0.450 | $0.492 | $0.546 | $0.614 | $0.694 | Ineligible | | 60 Days | $0.440 | $0.453 | $0.481 | $0.525 | $0.580 | $0.648 | $0.729 | Ineligible | | 90 Days | $0.500 | $0.514 | $0.542 | $0.589 | $0.646 | $0.716 | $0.798 | Ineligible | | 120 Days | $0.560 | $0.574 | $0.602 | $0.654 | $0.713 | $0.783 | $0.866 | Ineligible | | 150 Days | $0.620 | $0.635 | $0.663 | $0.718 | $0.779 | $0.851 | $0.935 | Ineligible | | 180 Days | $0.680 | $0.695 | $0.724 | $0.783 | $0.846 | $0.919 | $1.000 | Ineligible | The rates stated in this notice are applicable to the GSM-102 and SCGP programs unless otherwise stated in a country or regional program announcement. This notice supersedes PR# 0347-02, issued Sept. 24, 2002, for the GSM-102 program and all fees rates specified in each country and regional program announcement under the SCGP. POINTS OF CONTACT For further information, contact the Contract and Registration Branch of FAS at (202) 720-3224, or by e-mail at AskGSM@fas.usda.gov. FAS news releases are available on the Internet at http://www.fas.usda.gov. #
PR0093-05
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