Transcript AACCLA– October 19, 2011

AACCLA–
October 19, 2011
Export-Import Bank
▪ Official Export Credit Agency (ECA) of U.S.
Government
▪ Established in 1934
▪ Headquarters in Washington DC, 8 Regional
Offices
▪ Mission – To assist in financing exports of US
origin goods and services and thereby create and
sustain jobs in the US.
Export-Import Bank of the United States
Our Financing Makes the Difference
▪ Minimize risk
▪ Level the playing field
▪ Supplement commercial financing
Export-Import Bank of the United States
Total Authorizations in $ Billions
12
13.1
11.47
10
10.4
9.3
8.5
Loans
8.9
8.1
Guarantees
8
7.1
6.51
6
4.6
4.4
3.93.5
4
Insurance
4.26
3.6
3.02
2
0.2
0
0 0.05
0
0.3
'04 '05 '06 '07 '08 '09 '10
Export-Import Bank of the United States
Authorizations by Economic Sectors
Aircraft
6.80%
Manufacturing
20.44%
Miscellaneous
Oil & Gas
Financial Services
11.79%
48.83%
0.32%
6.54%
1.39%
0.53%
1.63%
1.09%
0.64%
Power Projects
Credit Guarantee
Facility
Wholesale/Retail
Goods
Telecommunications
Services
Public Administration
Export-Import Bank of the United States
How Our Products Support You
▪ Financing across sectors and projects.
▪ Offerings include direct loans, loan guarantees,
working capital and export credit insurance.
▪ No competition with commercial banks.
Export-Import Bank of the United States
Medium-Term Financing
Used to finance foreign buyers purchasing
U.S. capital equipment primarily:
▪ 85% financed, 15% cash down payment
▪ Repayment up to 5 years, exceptionally 7
▪ Amounts of $10 million or less
Export-Import Bank of the United States
Guarantees
Insurance
Long Term
Medium Term
CGF *
FIBC*
Medium
Term
-Maximum
NA
$10 Million
NA
NA
$10 Million
-Minimum
$10 Million
NA
$10 Million
NA
NA
Term:
7-12 years
5-7 years
Up to 7 years
Up to 360 days
2-7 years
85%
85%
85%
100%
85%
15%
15%
15%
NA
15%
Maximum
Coverage
Down
Payment
Export-Import Bank of the United States
Requirements for Approval
▪ Completed application
▪ Satisfactory Credit Report
▪ Recent Bank References
▪ Financial Statements for the last 3 years
▪ Export Sales Contract
Export-Import Bank of the United States
Just A Few Restrictions
▪ Reasonable assurance of repayment
▪ Military Exports (exceptions apply)
▪ Foreign Content
▪ Restricted Countries (CLS)
▪ Economic Impact
▪ Shipping
▪ Additionality
Export-Import Bank of the United States
Military Policy
No Defense Articles/Services or Military buyers
Exceptions:
▪ Humanitarian purposes
▪ Border Control
▪ Drug interdiction
▪ Dual use items
Export-Import Bank of the United States
Key Export Markets – Brazil
Exposure
 $2.7 billion Outstanding at FYE, with $553 million in new
authorizations in 2010
Special Facilities
 $1 billion financing facility for Rio State announced in March for
various infrastructure projects, including those associated with
Flood Relief, the World Cup, and the Olympics
 Up to $2 billion facility announced in April 2009 to secure the
purchase of US goods and services by Petrobras, Brazil's
national oil company.
Sector Opportunities
Power
Roads & Railways
Oil & Gas
Agriculture
Natural Resources
Petrochemicals
Ports
Airports
Hospitals/Med Equipment
Export-Import Bank of the United States
Key Export Markets – Colombia
Market Facts
 The country is rebounding from years of violence, building
on improved domestic security and implementing marketcentered economic policies.
 Colombia’s National Development Plan calls for billions of
dollars in infrastructure spending.
 5 highlighted sectors: agriculture; extractive
industries; infrastructure; housing; and innovation
US- Colombia Free Trade Agreement
 FTA expected to increase US trade and create US jobs.
Over 80 percent of US exports of consumer and industrial
products to Colombia will become duty-free immediately,
with remaining tariffs phased out over 10 years.
Export-Import Bank of the United States
Key Export Markets – Mexico
Special Facilities
 Pemex has been a major user of financing programs
structured under Ex-Im Bank’s Credit Guarantee Facility
 Pemex also has a small business facility with the Bank to
support purchases of goods/services from US small business
Sector Opportunities
 Oil & Gas is the largest and most active sector, but as our
largest market, export opportunities range across the full
spectrum of business sectors.
Export-Import Bank of the United States
Restricted Countries
▪ We are open in all continents, with the exception
of some countries
▪ Country restrictions for political
or economic conditions and Default Issues
▪ Refer to the Country
Limitation Schedule (CLS)
www.exim.gov,
under Country/Fee info
Export-Import Bank of the United States
Ex-Im Bank Contacts
Global Business Development
Ray Ellis, VP
Bessie Giannopoulos
202-565-3674
202-565-3713
Americas • Europe • Caribbean
Xiomara Creque
Kate Bishop
202-565-3477
202-565-3698
Medical Technology
William Rowland
202-565-3471
Export-Import Bank of the United States