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Summary of the Meeting of the Board of Directors

Friday, August 14, 2020
 
Completed

VIA TELECONFERENCE

  1. OPEN: NONE
  2. CLOSED:

    EXPORT CREDIT INSURANCE DIVISION
    1. IRAQ: Policy Number: ELC-154245
      Obligor: Trade Bank of Iraq
      End User(s): Grain Board of Iraq;
      Various other
      Exporter(s): Archer-Daniels Midland
      Cargill, Inc.
      The Anderson Trade Group
      Various
      Insured(s): JPMorgan Chase Bank, N.A.;
      Various others
      Broker: Export Insurance Agency, Inc., Walpole, MA
      Products: Bulk agricultural wheat
      Various other products and services
      Review Required: NAC
      Decision Required: Congressional Notification
      Alyson Young – Sr. Loan Officer
      Amy Shinkman – Vice President
      James Burrows – Senior Vice President
      Ifeanyichukwu Egbuniwe – Counsel
      Ignacio Diaz – Financial Economist
      Stephen M. Renna – Chief Banking Officer

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 10:00 AM on Friday, August 14, 2020 via teleconference 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, August 7, 2020

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 14, 2020

ITEM NO. 1
Special Delegated Authority / Policy Number: ELC-154245; Various
Obligor: Trade Bank of Iraq
End User(s): Grain Board of Iraq; Various
Exporter(s): Archer-Daniels Midland, Cargill, Inc., The Anderson Trade Group; Various
Insured(s): JPMorgan Chase Bank, N.A.; and other ELC Policy Holders
Broker: Export Insurance Agency, Inc., Walpole, MA; Various; Others
Products: Bulk agricultural wheat, rice, various other products & services
Review Required: NAC (NAC reviewed on 2020-08-12)
Board Decision: APPROVED. Chairman Reed, Director Bachus
and Director Pryor all voted to notify Congress.