--%>
Assignment Help - homework help

Purpose of Export-Import Bank

State the purpose of Export-Import Bank?

E

Expert

Verified

Export-Import Bank or EXIM bank of United States was founded to be an independent government agency that facilitate and finance U.S. export trade.  EXIM bank’s purpose is to offer
does finance in conditions where the private financial institutions are not able or unwilling as:

a) Loan maturity was too long;

b) Amount of loan was really too large;

c) Loan risk was too great; and,

d) Where the importing firm had difficulty in obtaining the hard currency for payment.  In order to meet its objectives, EXIM bank offers service through three types of programs:  direct loans to the borrowers of foreign, loan guarantees, and the credit insurance.

   Related Questions in Financial Accounting

  • Q : Guidelines for effective communication

    Define and explain the four guidelines for effective communication in families. Give examples to describe each guideline.

    		•
  • Q : What do you mean by the term turnover

    What do you mean by the term turnover?

    		•
  • Q : Difference between the periodic and

    What is the main difference between the periodic and perpetual process, how will you record it in your note-book?

    		•
  • Q : Calculate the Present Value PV Given

    Given that the appropriate discount rate is 10% and that the first of these dividend payments will occur 1 year from now, find the present value of the dividend stream; that is, calculate the PV of D1, D2, and D

    		•
  • Q : Accountant & Financial In Business

    Questions 1. Identify the services or programs to be included in the cost and profitability analysis. 2. Examine the costs listed in Table 2. a. Identify the direct costs associated with each service or program. b. Which costs would be organization

    		•
  • Q : Case study of a global economy The

    The economic recovery is seemingly on track and in fact strengthened during the first half of 2010. The global financial market however, suffered a setback with the turmoil in sovereign debt markets leading to sharp currency movements. The extent of recovery varies ac

    		•
  • Q : Calculation of NPV Calculation of NPV:

    Calculation of NPV: Calculation of NPV is done through the same method of discounting as described above. However in this case the rate is predefined for  discounting. It is the cost of overall long term resources, whether debt or equity. This co

    		•
  • Q : Regions where uniform costing can be

    Write down the regions where uniform costing can be executed?

    		•
  • Q : Bankruptcy A legal process that allows

    A legal process that allows a debtor, either a person or a business, to redundant some or all of the debt. The normal process involves selling asset and using the proceeds to pay off creditors in an order and/or in an amount determined by a judge. Some types of bankru

    		•
  • Q : Prepare journal entry to record

    On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250

    		•