Insurance provided to Taiwanese exporters of foreign buyer issuing bank L/Cs
Eligibility:
Products manufactured or assembled in Taiwan
Technical services exported in accordance with government laws
Goods purchased from Taiwanese exporters but shipped from abroad
Eligible applicants: Taiwanese firms that have obtained foreign L/Cs, export contracts, or purchase orders acceptable to Eximbank
Tenor: Up to 1 year
Credit amount: Equal to L/C of issuing bank
Currency: TWD, USD, and acceptable currencies
Repayment: Lump sum at maturity
Repayment guarantee:
The acceptance draft of issuing bank, or the SWIFT notice to confirm payment date of issuing bank
Any form of security approved by Eximbank
Medium- and long-term export credit insurance
Insurance to Taiwanese exporters
Insured Amount: Up to 90% of invoice value net of 15% down payment on or before delivery
Insurance period: From the date of shipment of equipment or rendering of technical services to the date of full repayment
Premium: Charged on a case-by-case basis, taking the insurance period, importing countries’ economic and political conditions, and guarantees into account
Medium- and long-term export credit
Provides financing for foreign buyers of Taiwan-made machinery and capital equipment
Eligible applicants: Registered manufacturers, engineering companies, or trading companies in Taiwan
Cover: Maximum 85% of contract value
Policy mechanics:
Taiwanese supplier obtains funds directly after delivery of goods
Foreign buyer provided term financing if it makes a 15% down payment before shipment
Tenor:
Up to 10 years from shipment date for turnkey plant, full-line equipment, single machine, or other capital goods
Up to 3 years for all other products
Grace period of 6 months following shipment
Interest rate: Fixed-rate
Currency: TWD, USD, or acceptable foreign currencies
Repayment guarantee: The foreign buyer must provide guarantee by a foreign financial institution approved by Eximbank
Export insurance:
Exporters should be covered by the medium and long-term deferred payment insurance from Eximbank
Policies endorsed and transferred to Eximbank
Export guarantee
Assists local manufacturers in expanding to foreign markets—Eximbank provides manufacturers the required bid bonds, performance bonds, advance payment bonds, and other related export guarantee approved by Eximbank
Eligible applicants: Duly registered local manufacturers, trading companies, or engineering companies in Taiwan
Conditions for guarantee:
Method of guarantee: Issuance of letter of guarantee or standby L/C
Guarantee amount: Determined on a case-by-case basis by Eximbank depending on the applicant’s transaction contract
Guarantee fee rate: Determined on a case-by-case basis depending on the guarantee amount, guarantee period, and customer credit
Currency: Based on the currency stipulated in the transaction contract
Security: Collateral or guarantor approved by Eximbank
Medium- and long-term import credit
Product designed to help local manufacturers import machinery, equipment, foreign technology, and industrial raw material
Eligible applicants: Taiwanese registered manufacturers, engineering companies, or trading companies
Eligible products:
Foreign precision instruments or equipment
Foreign technology
Industrial raw material
Raw material, machinery parts, or spare parts specifically manufactured for export
Tenor:
Up to 10 years for the import of precision instruments and equipment or foreign technology
Up to 3 years for financing of raw material or spare parts
Credit amount: Up to 85% percent of the total import value
Currency: TWD and USD
Repayment: Installments or in lump-sum on final maturity
Repayment guarantee: Security approved by Eximbank
Other products
Direct financings for overseas investment, overseas construction, domestic major public construction, infrastructure projects, shipbuilding, technology exports, international accounts receivable factoring, and general export credit
Insurance services for comprehensive documents against payment (D/P) and documents against acceptance (D/A) export, comprehensive open account (O/A) export, SME safety export, GlobalSure, L/C, overseas investment, and overseas construction
Other performance bonds (guarantee) services for overseas construction, domestic major public construction and infrastructure projects, and shipbuilding
Relending facility: Bank-to-bank arrangement through which EXIMBANK extends credit lines to local and foreign financial institutions who in turn relend funds to their clients for the importation of capital goods or consumer goods from Taiwan exporters