Export–Import Bank of the United States

The Export-Import Bank of the United States (EXIM Bank) offers foreign currency denominated guarantees (FCG) to mitigate risks associated with foreign currency fluctuations. With the FCG, an international buyer (obligor) can repay funds in the same currency as its revenue streams. The EXIM Bank extends a 100 per cent guarantee of all principal and regular interest payments to a commercial bank that provides an export credit to an international buyer of U.S. goods or services.

To cover the risk of a significant currency devaluation, the EXIM Bank estimates the average exchange rate over the disbursement period and authorizes the foreign currency transaction on that basis. To date, the EXIM Bank has announced a willingness to issue guarantees in a number of hard and soft currencies.

The guarantee complies with the regulations of the Organisation for Economic Co-operation and Development´s (OECD) Arrangement on Guidelines for Officially Supported Export Credits.

Only U.S. content is financed by these guarantees. Export of military or defense products and services are excluded.

Guarantees cover all jurisdictions except the following: Afghanistan, Bolivia, Central African Republic, Cuba, Eritrea, Greece, Haiti, Iran, North Korea, Libya, Nauru, Somalia, South Sudan, Sudan, Syria, Tajikistan, Venezuela and Yemen.

In some jurisdictions, only limited services are offered. Details: https://www.exim.gov/tools-for-exporters/country-limitation-schedule

• Costs
  • A risk-based exposure fee, to be paid in USD, which may be financed under the guaranteed credit.
  • A commitment fee of 0.125 per cent on the undisbursed amount of the credit, to be paid in USD.

https://www.exim.gov/what-we-do/loan-guarantee/foreign-currency-guarantee