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The National Export-Import Bank of Jamaica. TAKING INTELLECTUAL PROPERTY TO THE BANK. 1. TAKING INTELLECTUAL PROPERTY TO THE BANK . THE EXIM BANK OF JAMAICA’S EXPERIENCE Miss Megan Deane Deputy Managing Director National Export-Import Bank of Jamaica. 2. WHERE IN THE WORLD??. 3.
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The National Export-ImportBank of Jamaica TAKING INTELLECTUAL PROPERTY TO THE BANK 1
TAKING INTELLECTUAL PROPERTY TO THE BANK THE EXIM BANK OF JAMAICA’S EXPERIENCE Miss Megan Deane Deputy Managing Director National Export-Import Bank of Jamaica 2
JAMAICA • English-speaking • 2.8 million inhabitants (2008) • Service economy ore than 60% of GDP • GDP (2008 est.) - US$21.57 billion 4
CREATIVE INDUSTRIES • MUSIC • FILM • PUBLISHING • SPORTS • FINE ART • DESIGN 5
JIMMY CLIFF 10
JAMAICA’S FX EARNING POTENTIAL - MUSIC US$’S GLOBAL 1,200.00M JAMAICA’S 350.00M LIVE SHOWS 50.00M FOREIGN TOURS 50.00M Source: www.sunheraldja.com 12
COMMERCIAL BANKS –BANKING ACT INTERNATIONAL • The Bank of Nova Scotia Jamaica Limited • FirstCaribbean Bank International (Jamaica) • RBTT Bank Jamaica Limited • Citibank, N.A. LOCAL • National Commercial Bank Jamaica Limited • First Global Bank Limited • PanCaribbeanBank Limited 13
MERCHANT BANKS – FIN. INSTITUTIONS ACT LOCALLY OWNED • Capital & Credit Merchant Bank Limited • Scotia DBG Merchant Bank Limited • MF&G Trust & Finance Limited 14
JAMAICA INTELLECTUAL PROPERTY OFFICE • Member of WIPO • Administers Intellectual Property Systems • Adheres to Multilateral and Bilateral Treaties • Overarching objective:- To contribute to national economic growth and development through the proper protection, administration and enforcement of Intellectual Property Rights (IPRs). 15
NATIONAL EXPORT IMPORT BANK OF JAMAICA • Wholly owned Government Institution • Economic Development Agency • Trade Credit Financier • Trade Credit Insurer (Member of the Berne Union) • Works with Approved Financial Intermediaries • 2010 Vision includes, Increasing our tolerance for Credit Risk 16
CHALLENGES OF FUNDING USING IPR’S AS COLLATERAL SECURITY • NO INTERNATIONAL OR LOCAL POINTS OF REFERENCE • APPROPRIATE VALUATION METHODOLOGY • BALANCE SHEET IMPLICATIONS • APPROPRIATE SECURITY DOCUMENTATION • UNSECURED LENDING CLASSIFICATION 17
EXIM BANK’S OBJECTIVES • A POSITIVE ECONOMIC MULTIPLIER • ‘UNLOCKING’ VALUE • VALUE ADDED • HELPING THE CREATIVE INDUSTRIES TO “TAKE IT TO THE BANK!” 18
THANK YOU! 19