RATES FOR CREDIT RISK
25.
COUNTRY RISK CLASSIFICATION
26.
SOVEREIGN RISK ASSESSMENT
27.
BUYER RISK CLASSIFICATION
28.
CLASSIFICATION OF MULTILATERAL AND REGIONAL INSTITUTIONS
29.
PERCENTAGE AND QUALITY OF OFFICIAL EXPORT CREDIT COVER
30.
COUNTRY RISK MITIGATION TECHNIQUES
31.
BUYER RISK CREDIT ENHANCEMENTS
32.
REVIEW OF THE VALIDITY OF THE MINIMUM PREMIUM RATES FOR CREDIT RISK
CHAPTER III:
PROVISIONS FOR TIED AID
33.
GENERAL PRINCIPLES
34.
FORMS OF TIED AID
35.
ASSOCIATED FINANCING
36.
COUNTRY ELIGIBILITY FOR TIED AID
37.
PROJECT ELIGIBILITY
38.
MINIMUM CONCESSIONALITY LEVEL
39.
EXEMPTIONS FROM COUNTRY OR PROJECT ELIGIBILITY FOR TIED AID
40.
CALCULATION OF CONCESSIONALITY LEVEL OF TIED AID
41.
VALIDITY PERIOD FOR TIED AID
42.
MATCHING
CHAPTER IV:
PROCEDURES
SECTION 1:
COMMON PROCEDURES FOR EXPORT CREDITS AND TRADE-RELATED AID
43.
NOTIFICATIONS
44.
INFORMATION ON OFFICIAL SUPPORT
45.
PROCEDURES FOR MATCHING
46.
SPECIAL CONSULTATIONS
SECTION 2:
PROCEDURES FOR EXPORT CREDITS
47.
PRIOR NOTIFICATION WITH DISCUSSION
48.
PRIOR NOTIFICATION
SECTION 3:
PROCEDURES FOR TRADE-RELATED AID
49.
PRIOR NOTIFICATION
50.
PROMPT NOTIFICATION
SECTION 4:
CONSULTATION PROCEDURES FOR TIED AID
51.
PURPOSE OF CONSULTATIONS
52.
SCOPE AND TIMING OF CONSULTATIONS
53.
OUTCOME OF CONSULTATIONS
SECTION 5:
INFORMATION EXCHANGE FOR EXPORT CREDITS AND TRADE-RELATED AID
54.
CONTACT POINTS
55.
SCOPE OF ENQUIRIES
56.
SCOPE OF RESPONSES
57.
FACE-TO-FACE CONSULTATIONS
58.
PROCEDURES AND FORMAT OF COMMON LINES
59.
RESPONSES TO COMMON LINE PROPOSALS
60.
ACCEPTANCE OF COMMON LINES
61.
DISAGREEMENT ON COMMON LINES
62.
EFFECTIVE DATE OF COMMON LINE
63.
VALIDITY OF COMMON LINES
SECTION 6:
OPERATIONAL PROVISIONS FOR THE COMMUNICATION OF MINIMUM INTEREST RATES (CIRRS)
64.
COMMUNICATION OF MINIMUM INTEREST RATES
65.
EFFECTIVE DATE FOR APPLICATION OF INTEREST RATES
66.
IMMEDIATE CHANGES IN INTEREST RATES
SECTION 7:
REVIEWS
67.
REGULAR REVIEW OF THE ARRANGEMENT
68.
REVIEW OF MINIMUM INTEREST RATES
69.
REVIEW OF MINIMUM PREMIUM RATES AND RELATED ISSUES
ANNEX I:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR SHIPS
ANNEX II:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR NUCLEAR POWER PLANTS
ANNEX III:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR CIVIL AIRCRAFT
ANNEX IV:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR RENEWABLE ENERGY, CLIMATE CHANGE MITIGATION AND WATER PROJECTS
ANNEX V:
INFORMATION TO BE PROVIDED FOR NOTIFICATIONS
ANNEX VI:
CALCULATION OF THE MINIMUM PREMIUM RATES
ANNEX VII:
CRITERIA AND CONDITIONS GOVERNING THE APPLICATION OF A THIRD PARTY REPAYMENT GUARANTEE AND THE CLASSIFICATION OF MULTILATERAL OR REGIONAL INSTITUTIONS
ANNEX VIII:
CRITERIA AND CONDITIONS GOVERNING THE APPLICATION OF COUNTRY RISK MITIGATION TECHNIQUES AND BUYER RISK CREDIT ENHANCEMENTS
ANNEX IX:
CHECKLIST OF DEVELOPMENTAL QUALITY
ANNEX X:
TERMS AND CONDITIONS APPLICABLE TO PROJECT FINANCE TRANSACTIONS
ANNEX XI:
LIST OF DEFINITIONS
ANNEX XII:
BUYER RISK CATEGORIES QUALITATIVE DESCRIPTIONS
ANNEX XIII:
MARKET BENCHMARKS FOR TRANSACTIONS IN CATEGORY ZERO COUNTRIES
CHAPTER I
GENERAL PROVISIONS
1. PURPOSE
a)
The main purpose of the Arrangement on Officially Supported Export Credits, referred to throughout this document as the Arrangement, is to provide a framework for the orderly use of officially supported export credits.
b)
The Arrangement seeks to foster a level playing field for official support, as defined in Article 5 a), in order