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GLOBAL CALIFORNIA 2009. EX-IM BANK The Exporter’s Financing Assistance Source. Who We Are — What We Do. Ex- Im Bank is an independent agency of the United States Established in 1934 Headquartered in Washington, DC
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GLOBAL CALIFORNIA 2009 EX-IM BANK The Exporter’sFinancing Assistance Source
Who We Are — What We Do • Ex-Im Bank is an independent agency of the United States • Established in 1934 • Headquartered in Washington, DC • 5 Regional Sales Offices • Mission: Support U.S. exports in order to create and sustain U.S. jobs E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Increase Your Export Sales • Meet foreign competition • Supplement commercial financing • Mitigate foreign buyer non-payment risk E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Our Financing Covers the Spectrum Pre-Export Financing Post-Export Financing Insurance andGuarantees Working Capital Guarantee E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Our Short-Term Insurance • Allows exporter to offer short-term credit directly to international buyers • Provides policies that protect the U.S. exporter against foreign buyer default • Commercial Risks • Political Risks • Insured receivables can be financed through assignment of policy to lender E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Our Working Capital Guarantee • Small U.S. companies • Provides U.S. Guarantees to lenders for export-related working capital • Turns Export-related Inventory and Foreign A/R’s into Cash E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Our Medium-Term Financing for the Foreign Buyer • Generally used for Buyer financing of capital equipment: • 1 to 5 year repayment (exceptionally 7 years) and < $10 million • 15% down payment with 85% financed amount • Guarantees • Insurance E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Military Restrictions • No Defense Articles or Services • Three Exceptions • Humanitarian purposes • Drug interdiction • Dual use items E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Foreign Content Restrictions • Ex-Im Bank is committed to support the export sale of goods and services of U.S. origin. • Generally speaking, the Export must be no less than 50% U.S. made (parts cost basis) E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
Coverage in Over 150 Countries • Ex-Im Bank conducts business in many countries throughout the world • Restrictions may apply for political or economic conditions • First step, check the Country Limitation Schedule (CLS)on www.exim.gov website • X means support is not available. E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s
For More Information Export-Import Bank of the United States PAUL L. WATTS 250 Montgomery St., 14th Fl. San Francisco, CA 94104 415.705.2280 paul.watts@exim.gov E x p o r t – I m p o r t B a n k o f t h e U n i t e d S t a t e s