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Since the Export-Import Bank Reauthorization Act of 2012 (P.L. 112-122), EXIM Bank has been required to report to Congress on a quarterly basis, its default rate for its financing.  Section 6 of the 2012 Reauthorization Act mandated the EXIM Bank to calculate the "default on a payment obligation… by dividing the total amount of the required payments that are overdue by the total amount of the financing involved."