[20140902]IF00021_进出口银行（进出口银行）重新授权.pdf

September 2, 2014 Export-Import Bank (Ex-Im Bank) Reauthorization Background What is Ex-Im Bank? As the official U.S. export credit agency (ECA), Ex-Im Bank finances and insures U.S. exports of goods and services with the goal of supporting U.S. jobs. On a demand-driven basis, it seeks to support exports that the private sector is unwilling or unable to finance alone at commercially viable terms for exporting; and/or to counter government-backed financing offered by foreign countries through their ECAs. The rationales behind Ex-Im Banks activities are subject to congressional debate. Ex-Im Bank Products Direct loan: Fixed-rate loan to foreign buyers of U.S. exports usually capital-intensive exports (e.g., aircraft, mining equipment). Loan guarantee: Guarantee to a lender that, if default by the buyer, payment of outstanding principal and interest on the loan. Insurance: Protects U.S. exporters against risk of loss from non-payment should a foreign buyer or other foreign debtor default. Working capital: Short-term, secured working capital loans and guarantees, usually to small businesses. Special financing programs: Focus on a particular industry or financing technique, e.g., aircr