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Export–Import Bank of the United States

Foreign Currency Guarantee

Instrument description

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.

Eligible projects and transactions

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

Eligible regions

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

Key features

  • 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.

Loan Guarantee (Medium and Long Term)

Instrument description

The US EXIM Bank offers loan guarantees to improve financing conditions for international buyers in the private and public sectors for the purchase of U.S. capital goods and related services for medium- to long-term projects.

The loan guarantee covers 100 per cent of political and commercial risks. The guarantee is unconditional and transferable.

Eligible projects and transactions

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

Eligible projects need to demonstrate compliance with the safeguard policies of the EXIM Bank.

Eligible regions

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.

Key features

  • Size of coverage: The guarantee covers 85 per cent of the loan, principal and accrued interest are included. While there are no limits for the transaction size, the guarantees can cover up to 30 per cent of local costs and ancillary services may be included, such as legal, financial or banking services.
  • Tenor of coverage: Up to 10 years. In certain countries, offered tenors are shorter.
  • Costs:
    • Processing fee for letter of interest: USD 100.
    • Preliminary commitment application fee is 0.1 per cent of 1 per cent of financed amount.
    • Commitment fee of 0.125 per cent, based on unused portions of the loan.
    • A variable exposure fee based on risk.
    • A 15 per cent down payment is required from the buyer.

Eligible Countries

  • Flag of Albania
    Albania
  • Flag of Algeria
    Algeria
  • Flag of Andorra
    Andorra
  • Flag of Angola
    Angola
  • Flag of Anguilla
    Anguilla
  • Flag of Antigua & Barbuda
    Antigua & Barbuda
  • Flag of Argentina
    Argentina
  • Flag of Armenia
    Armenia
  • Flag of Aruba
    Aruba
  • Flag of Australia
    Australia
  • Flag of Austria
    Austria
  • Flag of Azerbaijan
    Azerbaijan
  • Flag of Bahamas, The
    Bahamas, The
  • Flag of Bahrain
    Bahrain
  • Flag of Bangladesh
    Bangladesh
  • Flag of Barbados
    Barbados
  • Flag of Belarus
    Belarus
  • Flag of Belgium
    Belgium
  • Flag of Belize
    Belize
  • Flag of Benin
    Benin
  • Flag of Bermuda
    Bermuda
  • Flag of Bhutan
    Bhutan
  • Flag of Bosnia & Herzegovina
    Bosnia & Herzegovina
  • Flag of Botswana
    Botswana
  • Flag of Brazil
    Brazil
  • Flag of British Virgin Is.
    British Virgin Is.
  • Flag of Brunei
    Brunei
  • Flag of Bulgaria
    Bulgaria
  • Flag of Burkina Faso
    Burkina Faso
  • Flag of Burundi
    Burundi
  • Flag of Cambodia
    Cambodia
  • Flag of Cameroon
    Cameroon
  • Flag of Canada
    Canada
  • Flag of Cape Verde
    Cape Verde
  • Flag of Cayman Islands
    Cayman Islands
  • Flag of Chad
    Chad
  • Flag of Chile
    Chile
  • Flag of China
    China
  • Flag of Colombia
    Colombia
  • Flag of Comoros
    Comoros
  • Flag of Congo, Dem. Rep.
    Congo, Dem. Rep.
  • Flag of Congo, Repub. of the
    Congo, Repub. of the
  • Flag of Cook Islands
    Cook Islands
  • Flag of Costa Rica
    Costa Rica
  • Flag of Cote d
    Cote d'Ivoire
  • Flag of Croatia
    Croatia
  • Flag of Cyprus
    Cyprus
  • Flag of Czech Republic
    Czech Republic
  • Flag of Denmark
    Denmark
  • Flag of Djibouti
    Djibouti
  • Flag of Dominica
    Dominica
  • Flag of Dominican Republic
    Dominican Republic
  • Flag of Ecuador
    Ecuador
  • Flag of Egypt
    Egypt
  • Flag of El Salvador
    El Salvador
  • Flag of Equatorial Guinea
    Equatorial Guinea
  • Flag of Estonia
    Estonia
  • Flag of Ethiopia
    Ethiopia
  • Flag of Fiji
    Fiji
  • Flag of Finland
    Finland
  • Flag of France
    France
  • Flag of French Polynesia
    French Polynesia
  • Flag of Gabon
    Gabon
  • Flag of Gambia, The
    Gambia, The
  • Flag of Georgia
    Georgia
  • Flag of Germany
    Germany
  • Flag of Ghana
    Ghana
  • Flag of Grenada
    Grenada
  • Flag of Guatemala
    Guatemala
  • Flag of Guinea
    Guinea
  • Flag of Guinea-Bissau
    Guinea-Bissau
  • Flag of Guyana
    Guyana
  • Flag of Honduras
    Honduras
  • Flag of Hong Kong
    Hong Kong
  • Flag of Hungary
    Hungary
  • Flag of Iceland
    Iceland
  • Flag of India
    India
  • Flag of Indonesia
    Indonesia
  • Flag of Iraq
    Iraq
  • Flag of Ireland
    Ireland
  • Flag of Isle of Man
    Isle of Man
  • Flag of Israel
    Israel
  • Flag of Italy
    Italy
  • Flag of Jamaica
    Jamaica
  • Flag of Japan
    Japan
  • Flag of Jordan
    Jordan
  • Flag of Kazakhstan
    Kazakhstan
  • Flag of Kenya
    Kenya
  • Flag of Kiribati
    Kiribati
  • Flag of Korea, South
    Korea, South
  • Flag of Kosovo
    Kosovo
  • Flag of Kuwait
    Kuwait
  • Flag of Kyrgyzstan
    Kyrgyzstan
  • Flag of Laos
    Laos
  • Flag of Latvia
    Latvia
  • Flag of Lebanon
    Lebanon
  • Flag of Lesotho
    Lesotho
  • Flag of Liberia
    Liberia
  • Flag of Liechtenstein
    Liechtenstein
  • Flag of Lithuania
    Lithuania
  • Flag of Luxembourg
    Luxembourg
  • Flag of Macau
    Macau
  • Flag of Macedonia
    Macedonia
  • Flag of Madagascar
    Madagascar
  • Flag of Malawi
    Malawi
  • Flag of Malaysia
    Malaysia
  • Flag of Maldives
    Maldives
  • Flag of Mali
    Mali
  • Flag of Malta
    Malta
  • Flag of Marshall Islands
    Marshall Islands
  • Flag of Mauritania
    Mauritania
  • Flag of Mauritius
    Mauritius
  • Flag of Mexico
    Mexico
  • Flag of Micronesia, Fed. St.
    Micronesia, Fed. St.
  • Flag of Moldova
    Moldova
  • Flag of Monaco
    Monaco
  • Flag of Mongolia
    Mongolia
  • Flag of Montenegro
    Montenegro
  • Flag of Montserrat
    Montserrat
  • Flag of Morocco
    Morocco
  • Flag of Mozambique
    Mozambique
  • Flag of Myanmar
    Myanmar
  • Flag of Namibia
    Namibia
  • Flag of Nepal
    Nepal
  • Flag of Netherlands
    Netherlands
  • Flag of Netherlands Antilles
    Netherlands Antilles
  • Flag of New Zealand
    New Zealand
  • Flag of Nicaragua
    Nicaragua
  • Flag of Niger
    Niger
  • Flag of Nigeria
    Nigeria
  • Flag of Norway
    Norway
  • Flag of Oman
    Oman
  • Flag of Pakistan
    Pakistan
  • Flag of Palau
    Palau
  • Flag of Panama
    Panama
  • Flag of Papua New Guinea
    Papua New Guinea
  • Flag of Paraguay
    Paraguay
  • Flag of Peru
    Peru
  • Flag of Philippines
    Philippines
  • Flag of Poland
    Poland
  • Flag of Portugal
    Portugal
  • Flag of Qatar
    Qatar
  • Flag of Romania
    Romania
  • Flag of Russia
    Russia
  • Flag of Rwanda
    Rwanda
  • Flag of Saint Kitts & Nevis
    Saint Kitts & Nevis
  • Flag of Saint Lucia
    Saint Lucia
  • Flag of Saint Vincent and the Grenadines
    Saint Vincent and the Grenadines
  • Flag of Samoa
    Samoa
  • Flag of San Marino
    San Marino
  • Flag of Sao Tome & Principe
    Sao Tome & Principe
  • Flag of Saudi Arabia
    Saudi Arabia
  • Flag of Senegal
    Senegal
  • Flag of Serbia
    Serbia
  • Flag of Seychelles
    Seychelles
  • Flag of Sierra Leone
    Sierra Leone
  • Flag of Singapore
    Singapore
  • Flag of Slovakia
    Slovakia
  • Flag of Slovenia
    Slovenia
  • Flag of Solomon Islands
    Solomon Islands
  • Flag of South Africa
    South Africa
  • Flag of Spain
    Spain
  • Flag of Sri Lanka
    Sri Lanka
  • Flag of Suriname
    Suriname
  • Flag of Swaziland
    Swaziland
  • Flag of Sweden
    Sweden
  • Flag of Switzerland
    Switzerland
  • Flag of Taiwan
    Taiwan
  • Flag of Tanzania
    Tanzania
  • Flag of Thailand
    Thailand
  • Flag of Timor Leste
    Timor Leste
  • Flag of Togo
    Togo
  • Flag of Tonga
    Tonga
  • Flag of Trinidad & Tobago
    Trinidad & Tobago
  • Flag of Tunisia
    Tunisia
  • Flag of Turkey
    Turkey
  • Flag of Turkmenistan
    Turkmenistan
  • Flag of Tuvalu
    Tuvalu
  • Flag of Uganda
    Uganda
  • Flag of Ukraine
    Ukraine
  • Flag of United Arab Emirates
    United Arab Emirates
  • Flag of United Kingdom
    United Kingdom
  • Flag of Uruguay
    Uruguay
  • Flag of Uzbekistan
    Uzbekistan
  • Flag of Vanuatu
    Vanuatu
  • Flag of Vietnam
    Vietnam
  • Flag of Zambia
    Zambia
  • Flag of Zimbabwe
    Zimbabwe