Delegated authority is available to lenders enabling them to commit Ex-Im Bank's guarantee and to share in the fee income. The Export Credit Insurance program helps U.S. exporters develop and expand their overseas sales by protecting them against loss should a foreign buyer or other foreign debtor default for political or commercial reasons. To encourage the export of U.S. goods and services, Ex-Im Bank has tailored its policies to meet the insurance needs of exporters and financial institutions. Three policies, the Small Business Policy, the Small Business Environmental Policy and the Umbrella Policy, are geared specifically to small businesses just beginning their export sales program. Eligibility criteria differ for each type of policy.
Disbursements go to the U.S. exporter, and the export products go to the foreign buyer.
Facilities Program Details Ex-Im Bank established the Credit Guarantee Facility Program from what was once known as 'bundling facilities'. The program was established to leverage Ex-Im Bank's resources and provide efficiencies by empowering financial institutions to 'collect' export transactions and have them underwritten in a grouped manner, in lieu of submitting every transaction separately for approval. Consult programs for specific details. Each program Ex-Im Bank operates has fee requirements. It is necessary to consult the Bank for specific fees.