Credit Guarantee Facilities “CGFs” are lines of credit between a funding bank and a foreign obligor. EXIM Bank guarantees the repayment of the foreign debt obligations. If the obligor is a foreign bank, it must offer the same on lending terms to the end-users of the U.S. exports and the obligor takes the repayment risk of the local companies. CGFs may offer repayment terms of two years or longer based upon the useful life of the capital goods or otherwise as otherwise deemed appropriate by EXIM Bank. Exports that require specialized review by EXIM Bank include nuclear-related exports, aircraft, environmental, military, are typically not eligible to be financed under CGFs.
U.S. exporters are identified during the application process and enjoy the benefits of the CGF. EXIM Bank conducts due diligence on the list of exporters and assists them in understanding the requirements of our standard export documents.
CGF funding banks must be pre-qualified by EXIM Bank in order to take part in use this program. Funding banks submit the application and work closely with the buyers and exporters. Funding banks review and retain the export documents and receive their electronic guarantee through EXIM Bank 's Online system. Individual disbursements and eligible invoices funded under the CGF are no longer capped at $10 million.
Please contact your EXIM Bank relationship manager to discuss the CGF program.