ExIm Bank: Trade finance solutions in a global crisis - PowerPoint PPT Presentation

1 / 5
About This Presentation
Title:

ExIm Bank: Trade finance solutions in a global crisis

Description:

Preserve the Trade Finance infrastructure, which we rely on for new business ... Modified certain conditions to allow increased amounts and lower collateral ... – PowerPoint PPT presentation

Number of Views:210
Avg rating:3.0/5.0
Slides: 6
Provided by: exi70
Category:

less

Transcript and Presenter's Notes

Title: ExIm Bank: Trade finance solutions in a global crisis


1
Ex-Im Bank Trade finance solutions in a global
crisis
Joe Grandmaison, Board of Directors
BAFT Africa Bank-to-Bank Forum1 July 2009
2
Our Priorities in a New Environment
  • Focus should be on NEW exports
  • Preserve the Trade Finance infrastructure, which
    we rely on for new business
  • Maintain our focus on Small Business
  • Maintain our credit standards for reasonable
    assurance of repayment

3
Enhancements to Address the Crisis
  • Direct Lending
  • increasingly attractive option given long term
    tenors available and a low CIRR rate
  • US Govt. seen as stable and reliable source
    w/interest expected to increase
  • As of April 2009, we have approved 15 direct
    loans compared to 2 last year

4
Enhancements to Address the Crisis
  • Short-Term Support
  • 2.9 billion facility w/Korean banks
  • Short-term insurance policies (exporter health)
    increased 15 for first 8 months of fiscal year
    2009 compared to first 8 months of fiscal year
    2008.
  • Working Capital
  • Modifications made to allow indirect exports to
    be financed
  • Modified certain conditions to allow increased
    amounts and lower collateral position resulting
    in increased liquidity
  • Working Capital has seen a 34 increase.

5
Other Potential Support
  • Encourage banks to use Ex-Im Banks balance sheet
  • Lenders using capital markets to finance major
    export transactions
  • Offering of a transfer or put option
  • If the cost of funds for the Guaranteed Lender
    has increased significantly
  • If there are persistent dislocations in the
    interbank of money markets
Write a Comment
User Comments (0)
About PowerShow.com