Export-Import Bank of Trinidad and Tobago
Last updated on 27 Feb 2024
Key facts
A semi-autonomous, government-owned entity providing trade finance and insurance in support of the Trinidad and Tobago exporters.
Exim House
#30 Queens Park West
Port of Spain
Trinidad and Tobago
+1 868 628 2762
www.eximbanktt.com
#30 Queens Park West
Port of Spain
Trinidad and Tobago
+1 868 628 2762
www.eximbanktt.com
PUBLIC
1973
Credit rating (sovereign) (S&P)
BBB-
BBB-
Foreign currency
Local currency
Country trade data
2021 top export sectors
Chemicals
48%
Fuels
27%
Metals
11%
Food products
4%
Transportation
4%
2022 export destinations
Financing modalities
`
Up to 100%
Products
- Short-term financing to manufacturers, distributors, and service providers; factoring and discounting
- Cover: 85%–95% of the invoice value of export sales
- Loan repayment: Buyer repays Eximbank 100% of the invoice value, and Eximbank fees and interest are extracted with net refunded to the exporter
- Term: Between 30 and 120 days
- Currencies: TTD and USD
- Short-term loans for Trinidadian companies to assist them in the payment of inventory, raw materials, semi-finished, or finished products
- Cover: 100% of the invoice value
- Tenor: Between 30 and 270 days
- Currency: TTD and USD
- Loans to manufacturers to perform equipment upgrades and improve the quality of their export products or for renovation of their premises
- Term: 1 to 5 years
- Repayment terms:
- Moratorium on principal
- Monthly payments on principal and interest
- Monthly interest; principal at maturity
- X-loan:
- Drawn in USD, repayable in TTD
- Export incentive: Increase in exports can result in reduced interest rates of 25 to 50 basis points, for up to four years
- Advisory services: Planning for exports, developing a business plan, identifying markets and customers, etc.
- Forex facility
Policies
- The agency has USD currency readily available.
