By assigning the proceeds, the policy holder realizes greater financial liquidity and flexibility in administering its foreign receivables portfolio. A written bank reference dated within three months of the application date. Evidence of satisfactory experience under a current bank line of credit is preferred. Two satisfactory written supplier references dated within three months of the application date. Applicant's net worth is at least 20 percent of the requested or current policy liability limit.
Net worth can include subordinated shareholder debt.
Ex-Im Bank may require personal credit or financial reports on the applicant's major shareholders to consider an Enhanced Assignment. Banks may not be the insured party under this policy. Political risks cover only is also available. Cost of transport, cargo insurance, and certain other charges related to the sale may be included in the gross invoice value if they are to be paid by the insured on the buyer's behalf. Currency devaluation, however, is considered to be a commercial risk.