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Summary/Agenda of the Meeting of the Board of Directors

Thursday, November 14, 2013
 
Completed

1. Minutes of August 15, 2013 Board Meeting to be approved
2. Minutes of August 23, 2013 Board Meeting to be approved

TRANSPORTATION DIVISION
Congressional Review - Expiry Date: 10-31-13
3. COUNTRY: HONG KONG - AP088147XX
FOREIGN BUYER: SPV/Cathay Pacific Airways, Ltd.
END USER: Cathay Pacific Airways, Ltd.
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
4. COUNTRY: CHINA - ELC 120766
OBLIGOR: China Merchants Bank Co., Ltd.
PRODUCTS: Bulk Agricultural Products
TOTAL PRINCIPAL LIABILITY: $245,000,000

TRANSPORTATION DIVISION
5. COUNTRY: CHINA - AP088217XX
FOREIGN BUYER: SPV/ Minsheng Financial Leasing Co
END USER: Various Sub-Lessees
PRODUCTS: Aircraft

STRUCTURED FINANCE DIVISION
6. COUNTRY: AUSTRALIA - AP0867501XX
FOREIGN BUYER: Roy Hill Holdings, Pty Ltd
PRODUCTS: Iron Ore Mining Equipment
TOTAL FINANCED AMOUNT: $694,441,639

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, November 14, 2013, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, November 8, 2013

ITEM NO 1 Minutes of August 15, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 2 Minutes of August 23, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 3
Country HONG KONG AP088147XX
Request for FINAL COMMITMENT
ApplicantCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
BorrowerSPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG
End-userCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
ExporterBOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrFINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Gtd LndrJPMorgan Chase Bank, N.A., New York NY
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG
LesseeCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the transaction.

ITEM NO 4
Country CHINAPolicy No. ELC 120766
Request for Amendment to Extend Expiration Tracking No. 574295
Policy Type Bank Letter of CreditCoverage Type/Term Comprehensive/ST
InsuredCoBank Acb, Greenwood Village Colorado
ObligorsChina Merchants Bank Co., Ltd Shenzhen, China
End UserVarious
GuarantorNone
ExporterVarious (e.g., Archer, Daniels, Midland, Gavilon Grain, LLC and AG Processing Inc.)
BrokerExport Insurance Agency, Inc., Walpole MA
Product/Use Bulk Agricultural Products (Primarily Soybeans)
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.

ITEM NO 5
Country CHINA AP088217XX
Request for FINAL COMMITMENT
ApplicantMINSHENG FINANCIAL LEASING CO., LTD., Tianjin
BorrowerSPV/MINSHENG FINANCIAL LEASING CO., LTD., Tianjin
Buyer SPV/MINSHENG FINANCIAL LEASING CO., LTD., Tianjin
End-userVARIOUS SUBLESSEES, N/A
ExporterGULFSTREAM AEROSPACE CORP DEL, Savannah GA
SupplierGULFSTREAM AEROSPACE CORP DEL, Savannah GA
SupplierVARIOUS US SMALL BUSINESSES, Washington DC
Gtd LndrAPPLE BANK FOR SAVINGS, New York NY
Lessor SPV/MINSHENG FINANCIAL LEASING CO., LTD., Tianjin
Lessee MINSHENG FINANCIAL LEASING CO., LTD., Tianjin
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision REFER TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 6
Country AUSTRALIA AP086750XX
Request for FINAL COMMITMENT
ApplicantROY HILL HOLDINGS PTY LTD, WEST PERTH
BorrowerROY HILL HOLDINGS PTY LTD, WEST PERTH
GuarantorNONE
Buyer ROY HILL HOLDINGS PTY LTD, WEST PERTH
End-userROY HILL HOLDINGS PTY LTD, WEST PERTH
ExporterGENERAL ELECTRIC COMPANY, ERIE PA
ExporterATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
Exporter ADDITIONAL EXPORTERS
SupplierGENERAL ELECTRIC COMPANY, ERIE PA
SupplierATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
SupplierADDITIONAL SUPPLIERS
Gtd LndrNONE
Project Name ROY HILL PROJECT
Project Description IR0N ORE MINING
Product Description ROY HILL 1 PROJECT

Board Decision REFER TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.