--%>
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 : Definition of Ledger What is the

    What is the Definition of Ledger in terms of Accountancy?

    		•
  • Q : Maximum factors Explain the Maximum

    Explain the Maximum factors influences and involvement which will depend on the performance and success of the employees ?

    		•
  • Q : Link financial accounting and

    is there a link between financial accounting and programmed decision

    		•
  • Q : Eliminating exposure of the currency

    Banks find it essential in order to accommodate their client’s requirements for buying or selling foreign exchange forward, in several instances for the hedging purposes.  How the bank can eliminate the exposure of the currency it has made for itself by acc

    		•
  • Q : Factors influencing the value of

    Factors influencing the value of Goodwill: A) Proficient managementB) Quality of productC) Place of businessD) Accessibility of raw materialE) Positive contracts

    		•
  • Q : Hedging transaction exposure and money

    Compare and discuss the hedging transaction exposure by using the forward contract vs. money market instruments. When the optional hedging approaches do creates the same result?

    		•
  • Q : Appropriated retained earnings The

    The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol

    		•
  • Q : Objective Questions on Sociology 1)

    1) Which large European city declined significantly in population over the past century? A) Paris B) London C) Rome D) Madrid 2) The industrial city was characterized b A) decentralization B) corporate growt

    		•
  • Q : Operation of currency forward and

    Describe basic differences between operation of a currency forward market and a futures market.

    		•
  • Q : Contingent exposure and its benefits

    Describe the contingent exposure and also discuss some of the benefits of using currency options in order to maintain this type of currency exposure.

    		•