EXIM Bank has adopted credit standards to simplify and expedite the processing of applications for short-term export credit and medium-term transactions. The credit standards define the criteria EXIM Bank will apply in evaluating the creditworthiness of the international buyer or the primary source of repayment in a transaction. EXIM Bank conducts significant quantitative and qualitative due diligence when analyzing a potential transactions, particularly in high risk markets. View the standards below:
- Short-and Medium-Term Credit Standards brief overview (credit-standards-brief-1.pdf - 2 pages)
- Short-Term Credit Standards (STCS-June-2013.pdf - 22 pages)
- Medium-Term Credit Standards (ebd-m-39-1 (1).pdf - 18 pages)
Used and Refurbished Equipment
EXIM Bank will extend financing to support U.S. exports of equipment that has been previously owned or placed into service. To be eligible, used equipment (including equipment that has been refurbished in the United States) must meet certain criteria: the country of operation and the ownership status prior to EXIM Bank support, and the original place of manufacture. More detailed product information on Used and Refurbished Equipment.
EXIM Bank's mission is to support U.S. jobs through exports. Accordingly, there are foreign content eligibility criteria and limitations on the level of foreign content that may be included in EXIM Bank's financing package. Learn more about Foreign Content.
EXIM Bank's shipping regulations are subject to Public Resolution 17 of the 73rd Congress (PR 17), which indicates that in any loans made by EXIM Bank to support the export of U.S. made products a provision be made that such products be carried exclusively on U.S. vessels. The purpose of PR 17 is to support the U.S. strategic objective of maintaining a merchant marine sufficient to carry a substantial portion of its waterborne export and import foreign commerce. Read more about Shipping Requirements.