Eximbank
Medium Term Policy Characteristics• Financing terms 1 to 5 years (7 years)
• 15% down payment required
• Financed portion (85%) must be exclusive U.S. origin
• Comprehensive coverage
• Principal, interest, and delinquent interest insured at 100% indemnity
• Emphasis on private buyer obligations
• Documentation controlled by the Insured
• Credit / reimbursement / letter agreement
• Unconditional, valid and enforceable debt obligation (p-note)
• Invoice
• Bill of lading
• Eximbank exporter's certificate
• Facilitates progress payments or multiple shipments
• Relatively short waiting periods
• Documentary format available to banks as the insured
