Eximbanks of various countries provide financing to importing companies in order to encourage exports of investment goods from their countries.
These loans are generally extended through an intermediary bank in the country of importers. The export company receives advance payment from the intermediary bank and the importer makes the payment at maturities. The Bank of the importer signs a loan agreement with the Intermediary Bank and becomes a direct debtor or guarantor.
Payments at maturities are made again through the bank of the importer, therefore, the bank of the importer assumes the risk for the company. To obtain these loans, exporters apply to their country’s Eximbank with their project and request a middle-term loan for importers. Such loans are named differently depending on the country of exporters.
- Hermes - Germany
- Coface - France
- Sace - Italy
- US Exim - America
- OKB - Austria
- ECGD - England
- ERG - Switzerland
- Ducroire - Belgium
- Cesce - Spain
