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Summary of the Meeting of the Credit Committee

Friday, October 24, 2003
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, October 30, 2003

OCTOBER 24, 2003

Item No. 1

Dominican Republic MSM-E-232520
Request for: Insurance Policy Amendment, Co-financing

Single Sale/Multiple Shipments

Comprehensive/MT

Fortis Financial Services LLC, New York, NY

Corporacion de Electricidad, Santo Domingo, Dominican Republic

Corporacion de Electricidad, Santo Domingo, Dominican Republic

Sovereign guarantee of the Dominican Republic, through the Secreteriado Tecnico

de la Presidencia, Santo Domingo, Dominican Republic

None

Dessau-Soprin International, Laval, Quebec, Canada

VA Tech Voest MCE Corporation, Salisbury, NC

and others to be determined

EIA Global Inc.

Equipment and engineering services for construction of three
mini-hydroelectric plants

Credit Committee Decision: Denied amendment.

Item No. 2

Dominican Republic MTA-252775

Commitment (new)

Single Sale/Single Shipment

Comprehensive/MT

Oracle Credit Corporation, Redwood Shores, CA 94123

Bancredito, S.A., Santo Domingo, Dominican Republic

Bancredito, S.A., Santo Domingo, Dominican Republic

None

Oracle Caribbean, Inc., San Juan, PR 00921

Same

EIA Global Inc.

Oracle software for database and applications, plus related maintenance

Credit Committee Decision: Denied

Item No. 3

Mexico MSM-256867

Policy (new)

Single Sale/Multiple Shipments

Comprehensive/MT

Frost National Bank, Antonio, TX

Bodega de Productos Internacionales, S.A. de C.V., Monterrey, Mexico

Bodega de Productos Internacionales, S.A. de C.V., Monterrey, Mexico

Raymundo Cantu Montemayor

Arnold Refrigeration, Inc., San Antonio, TX 78202-1103

Outokumpu Heatcraft USA, LLC, Grenada, MS 38901-0948

Penn International Insurance

Refrigeration equipment

$1 - $5

Credit Committee Decision: Approved

ITEM NO 4

Country PHILIPPINES AP079952XX

Request for FINAL COMMITMENT

Applicant TORONTO-DOMINION BANK, HOUSTON TX

Borrower VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

Guarantor VITANGCOL, NORBERTO A. & ALICE E., PARANAQUE CITY, METRO MANILA PHILIPPINES

Buyer VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

End-user VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

Exporter PBJ VENTURE INTERNATIONAL CORPORATION, SAN MATEO CA

Supplier PBJ VENTURE INTERNATIONAL CORPORATION, SAN MATEO CA

Gteed Lender TORONTO-DOMINION BANK, HOUSTON TX

Project Description EARTH MOVING AND CONSTRUCTION EQUIPMENT

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $ 5,315,000

Repayment Term 5 YEARS

Credit Committee Decision APPROVED


Item No. 5

Mexico MTA-255174

Commitment (new)

Single Sale/Single Shipment

Comprehensive/MT

RZB Finance LLC, New York, NY 10036-6710

Cavazos Mercado Construcciones S.A. de C.V., San Luis Potosi, Mexico

Cavazos Mercado Construcciones S.A. de C.V., San Luis Potosi, Mexico

Joaquin Cavazos Mercado, San Luis Potosi, Mexico

San Antonio Trade Group, San Antonio, TX 78212-3421

RZB Finance LLC, New York, NY 10036-6710

San Antonio Trade Group, San Antonio, TX 78212-3421

Penn International Insurance, San Antonio, TX 78212-3446

Used equipment for construction and civil engineering operations

$1 - $5

Credit Committee Decision: Approved