The Arrangement on Guidelines for Officially Supported Export Credits [electronic resource] /
Organisation for Economic Co-operation and Development.
Paris : OECD Publishing,
1998.
This is the 1998 Arrangement. The main purpose of the Arrangement is to provide the institutional framework for an orderly export credit market; it aims to prevent an export credit race in which exporting countries compete on the basis of who grants the most favourable financing terms rather than on the basis of the price and quality of the product. The Arrangement sets limits on the terms and conditions for export credits involving credit terms of two years or more - that is, that are insured, guaranteed, extended, refinanced or subsidised by or through export credit agencies. In addition to providing a framework for official export credits, the Arrangement sets out rules for tied aid and for risk-based premium fees. The Arrangement is a gentlemen's agreement; it is not an OECD legal Act. The Participants to the Arrangement are most OECD Member countries
INTRODUCTION -- CHAPTER I: SCOPE OF THE ARRANGEMENT -- -1. PARTICIPATION -- 2. SCOPE OF APPLICATION -- 3. SPECIAL SECTORAL APPLICATIONS AND EXCLUSIONS -- 4. REVIEW -- 5. WITHDRAWAL -- 6. MONITORING -- CHAPTER II: PROVISIONS FOR EXPORT CREDITS -- 7. CASH PAYMENTS -- 8. REPAYMENT TERMS -- 9. STARTING POINT OF CREDIT -- 10. MAXIMUM REPAYMENT TERM -- 11. SPECIAL TERMS FOR POWER PLANT OTHER THAN NUCLEAR POWER PLANT -- 12. CLASSIFICATION OF COUNTRIES FOR MAXIMUM REPAYMENT TERMS -- 13. REPAYMENT OF PRINCIPAL -- 14. PAYMENT OF INTEREST  -- 15. MINIMUM INTEREST RATES -- 16. CONSTRUCTION OF CIRRs -- 17. APPLICATION OF CIRRs  -- 18. COSMETIC INTEREST RATES -- 19. OFFICIAL SUPPORT FOR COSMETIC INTEREST RATES -- 20. MINIMUM PREMIUM -- 21. COUNTRY RISK CLASSIFICATION METHODOLOGY -- 22. MINIMUM PREMIUM BENCHMARKS -- 23. RELATED CONDITIONS -- 24. PREMIUM FEEDBACK TOOLS -- 25. LOCAL COSTS -- 26. VALIDITY PERIOD FOR EXPORT CREDITS -- 27. NO DEROGATION ENGAGEMENT FOR EXPORT CREDITS -- 28. ACTION TO AVOID OR MINIMISE LOSSES -- 29. MATCHING -- CHAPTER III: PROVISIONS FOR TRADE-RELATED AID -- 30. GENERAL PRINCIPLES FOR TIED AID -- 31. DEFINITION OF TIED AID -- 32. FORMS OF TIED AID -- 33. ASSOCIATED FINANCING -- 34. COUNTRY ELIGIBILITY FOR TIED AID -- 35. PROJECT ELIGIBILITY FOR TIED AID  -- 36. EXEMPTIONS FROM ELIGIBILITY RULES -- 37. DEFINITION OF CONCESSIONALITY LEVEL OF TIED AID -- 38. CALCULATION OF CONCESSIONALITY LEVEL OF TIED AID -- 39. VALIDITY PERIOD FOR TIED AID -- 40. NO DEROGATION ENGAGEMENT FOR TIED AID -- 41. MATCHING -- CHAPTER IV: PROCEDURES -- SECTION 1: COMMON PROVISIONS FOR EXPORT CREDITS AND TRADE-RELATED AID -- 42. COMMITMENT -- 43. FIRM UNDERTAKING -- 44. PERIOD FOR REPLIES -- 45. STANDARD FORM FOR ALL NOTIFICATIONS -- 46. INFORMATION ON OFFICIAL SUPPORT -- SECTION 2: NOTIFICATION PROCEDURES FOR EXPORT CREDITS -- 47. DEROGATIONS: PRIOR NOTIFICATION WITH DISCUSSION -- 48. PERMITTED EXCEPTIONS : PRIOR NOTIFICATION WITH DISCUSSION -- 49. PERMITTED EXCEPTIONS: PRIOR NOTIFICATION WITHOUT DISCUSSION -- 50. MATCHING OF DEROGATIONS -- 51. MATCHING OF PERMITTED EXCEPTIONS.  -- 52. MATCHING OF NON-CONFORMING TERMS AND CONDITIONS NOT NOTIFIED -- 53. MATCHING OF TERMS AND CONDITIONS OFFERED BY A NON-PARTICIPANT -- SECTION 3: NOTIFICATION PROCEDURES FOR TRADE-RELATED AID -- 54. DEROGATIONS: PRIOR NOTIFICATION WITH DISCUSSION -- 55. PRIOR NOTIFICATION -- 56. PROMPT NOTIFICATION  -- 57. EXEMPTIONS FOR UNTIED AID -- 58. EXEMPTIONS FOR TECHNICAL ASSISTANCE AND SMALL PROJECTS -- 59. TYING STATUS OF AID -- 60. MATCHING OF PRIOR NOTIFICATIONS -- 61. MATCHING OF PROMPT NOTIFICATIONS -- SECTION 4: CONSULTATION PROCEDURES FOR TRADE-RELATED AID -- 62. PURPOSE OF CONSULTATIONS -- 63. SCOPE AND TIMING OF CONSULTATIONS -- 64. CONSULTATION PROCEDURES FOR LARGE PROJECTS -- 65. OUTCOME OF CONSULTATIONS -- SECTION 5: INFORMATION EXCHANGE PROCEDURES FOR EXPORT CREDITS AND TRADERELATED AID  -- 66. CONTACT POINTS -- 67. SCOPE OF ENQUIRIES -- 68. SCOPE OF RESPONSES -- 69. FACE-TO-FACE CONSULTATIONS -- 70. COMMON LINES -- 71. PROCEDURES AND FORMAT OF COMMON LINES -- 72.PROPOSALS -- 73. ACCEPTANCE OF COMMON LINES -- 74. DISAGREEMENT ON COMMON LINES -- 75. EFFECTIVE DATE OF COMMON LINE  -- 76. VALIDITY OF COMMON LINES -- 77. DEVIATION FROM A COMMON LINE -- SECTION 6: OPERATIONAL PROVISIONS FOR THE COMMUNICATION OF MINIMUM INTEREST RATES (CIRRS) -- 78. COMMUNICATION OF MINIMUM INTEREST RATES -- 79. EFFECTIVE DATE FOR APPLICATION OF INTEREST RATES -- 80. IMMEDIATE CHANGES IN INTEREST RATES -- SECTION 7: OPERATIONAL PROVISIONS FOR THE EXCHANGE OF INFORMATION FOR PREMIUM -- 81. ELECTRONIC EXCHANGE OF INFORMATION FOR PREMIUM (EEI) -- SECTION 8: REVIEWS -- 82. ANNUAL REVIEW  -- 83. REVIEW OF MINIMUM INTEREST RATES -- 84. REVIEW OF MINIMUM PREMIUM BENCHMARKS AND RELATED ISSUES -- CHAPTER V: FUTURE WORK -- 85. GLOBAL UNTYING  -- 86. MARKET WINDOWS -- 87. SECTORS -- 88. DIFFERENCES OF INTERPRETATION  -- ANNEX I: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR SHIPS -- ANNEX II: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR NUCLEAR POWER PLANT -- ANNEX III: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR CIVIL AIRCRAFT -- APPENDIX I ILLUSTRATIVE LIST  -- ANNEX IV: STANDARD FORM FOR NOTIFICATIONS -- ANNEX V: STANDARD FORM FOR NOTIFICATION OF PERMITTED EXCEPTIONS FROM MINIMUM PREMIUM BENCHMARKS -- ANNEX VI: CHECKLIST OF DEVELOPMENTAL QUALITY -- ANNEX VII: ELECTRONIC EXCHANGE OF INFORMATION (EEI)
This is the 1998 Arrangement. The main purpose of the Arrangement is to provide the institutional framework for an orderly export credit market; it aims to prevent an export credit race in which exporting countries compete on the basis of who grants the most favourable financing terms rather than on the basis of the price and quality of the product. The Arrangement sets limits on the terms and conditions for export credits involving credit terms of two years or more - that is, that are insured, guaranteed, extended, refinanced or subsidised by or through export credit agencies. In addition to providing a framework for official export credits, the Arrangement sets out rules for tied aid and for risk-based premium fees. The Arrangement is a gentlemen's agreement; it is not an OECD legal Act. The Participants to the Arrangement are most OECD Member countries
Bibliographic Level Mode of Issuance: Monograph
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