|EXIM Bank Exposure Fee Category (or by Country):|
Select the country.
|Percentage of Cover:||Select the percentage of cover. |
At this time EXIM Bank only offers 100% cover of the amount eligible to be financed under its guarantee, loan and insurance programs (i.e., up to 85% of the contract price).
|Product: MT Insurance (2) or Guarantee/Direct Loan (3)||Select the product. |
EXIM Bank offers a "standard"/level 2 product (medium-term insurance) and two "above-standard"/level 3 products (direct loans and guarantees). "Standard" refers to conditional coverage and "above standard" to unconditional coverage. EXIM Bank does not offer a "below standard" product (i.e., no post-default interest payment). EXIM Bank has placed the direct loan in the "above standard" category in order not to compete with private lenders.
|Repayment Period: (Years)||Enter the repayment period. |
This will be the number of years over which the loan will be repaid.
|Drawdown Period: (Months)||Enter the length of the drawdown period. |
The drawdown period is defined as the time from the first drawdown under the EXIM Bank credit to the starting point of credit (i.e., the beginning of the repayment period which usually falls six months before the first repayment of principal). If the transaction involves a single shipment, the drawdown period is zero. In all other cases, enter the anticipated number of months between the first draw under the EXIM Bank credit and the starting point of credit.
|Financed? (Y/N)||Exposure fee financed or not? |
In the past, most buyers elected to finance the fee. Selecting this option, however, will result in a slightly higher fee.
|Paid: Up Front (F) or As Drawn (D)||Exposure fee paid "up front " or "as drawn?" |
Exposure fees may be payable "as drawn" (i.e., a portion of the exposure fee was due on each draw under the EXIM Bank credit) or on an "up front" basis. The "up front" exposure fee option results in a lower rate for those buyers willing to pay the entire exposure fee in a lump sum on or before the first draw under the EXIM Bank credit.
Note: This is a nonbinding fee calculation provided for your convenience. Actual fees will be determined by EXIM Bank upon approval of a completed application.