News & Articles

ExIm Bank Country Limitations Update Indonesia and More

Posted by on Jul 14, 2017 in News | Comments Off on ExIm Bank Country Limitations Update Indonesia and More

We don’t publish every Country Limitations Schedule update, but there are noteworthy changes to the most recent update. Indonesia and the Philippines have both been upgraded, to remove Note 1.  Current ExIm policy holders can use their DCL (Discretionary Credit Limits) in both countries. Another upgrade to Argentina, the cryptic note 13 has been removed, which (we think) means that Argentina requests will be subject to only “normal” underwriting scrutiny. Here’s a summary of changes:  CLS Update July...

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U.S. Commercial Service Fee Schedule Changes for Small Business

Posted by on Jul 14, 2017 in News, Uncategorized | Comments Off on U.S. Commercial Service Fee Schedule Changes for Small Business

Effective October 1, 2017, the fee structure for U.S. Commercial Service activities that provide special benefit to individual recipients (e.g. Gold Key Service) will increase.  Here are some highlights for Small Business users: Gold Key Service current fee is $700, increase to $950. International Company Profile Current fee is $600, increase to $700 For more information, here are the current rates:  Current User Fees And the Federal Register Notification on the changes:  User fee Schedule for Export Promotion...

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Brett Tarnet Chosen to Head the DECSOCAL Finance Committee

Posted by on Oct 4, 2016 in News, News & Articles | Comments Off on Brett Tarnet Chosen to Head the DECSOCAL Finance Committee

The District Export Council of Southern California (DECSOCAL) has elected Brett Tarnet to head up the Finance Committee (Chair of the International Trade Finance/Credit Insurance Committee).  Brett is a member of the Leadership Task Force group in support of the DEC.  The Committee’s tasks are to support Southern California exporters with insights into trade finance and risk mitigation options.  Members of the Southern California business community are welcome to contact the DEC for assistance and advice.  In addition, the DEC supports local informative events aimed at educating...

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Argentina Will Be Supported by ExIm as of 9-21-2016.

Posted by on Sep 14, 2016 in News, News & Articles | Comments Off on Argentina Will Be Supported by ExIm as of 9-21-2016.

ExIm Chairman Fred Hochberg announced today that ExIm will reopen for business in Argentina, after being closed for sovereign transactions for more than 15 years.  The opening applies to both public and private sector transactions.   Click here to view the complete release.  ...

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ExIm Bank Now Open for Cover in Ecuador

Posted by on Aug 8, 2016 in News, News & Articles, Uncategorized | Comments Off on ExIm Bank Now Open for Cover in Ecuador

ExIm Bank revised Country Limitation Schedule issued today has some important changes.  In particular, Ex-Im is now open in Ecuador.  This will affect not only ExIm insurance participants, but also SBA Export loan participants. The cover letter listing changes can be viewed here,  and for the complete CLS use this link.  

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EX-IM BANK REAUTHORIZATION IS NOT COMPLETE

Posted by on Jul 22, 2016 in News, News & Articles | Comments Off on EX-IM BANK REAUTHORIZATION IS NOT COMPLETE

The December 2015 re-authorization of the  ExIm Bank of the United States did not achieve a fully functioning Bank.  That is because the Board of Directors does not have a quorum.  Appointments to the Board by President Obama have not been approved in Congress.  While ExIm Bank is now fully functioning in Underwriting, and able to approve export credit insurance policies and export working capital loans up to $10 million dollars, higher amounts require Board of Directors approval. That means that any transactions requiring Board approval cannot be processed.  There are currently more than 30...

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