EXIMBANKA SR provides purposefully linked financial resources for financing material and other costs associated with carrying out an export contract.
|Diagram explanation note|
|The Exporter concludes a contract and requests EXIMBANKA SR for refinancing.|
|2.||Provision of credit for export support|
|EXIMBANKA SR provides the exporter with export receivables loan for financing material and other costs related to execution the export contract including repayment of invoices issued not earlier than 6 months from date of drawing credit.|
|Repayment of credit by the exporter following payment from the export contract credited to exporters account by Foreign Buyer.|
For what time period is this loan provided?
The maturity of the loan is up to 2 years from the day of first drawing on it.
What are the basic conditions for providing the credit?
• Existence of an export contract or confirmed orders.
• Drawing of the credit on the basis of supplier invoices or accepted calculation of overhead costs of the exporter.
• Credit up to an amount 100% of the documented and accepted costs.