The Export-Import Bank (EXIM Bank) is an independent U.S. government agency that facilitates international trade by offering financial assistance, including loans, guarantees, and insurance to U.S. exporters and their foreign buyers. Its goal is to support American jobs by leveling the global playing field for U.S. goods and services and mitigating the risks associated with international trade.
The Export-Import Bank of the United States (EXIM) is a government agency established by Congress in 1934 to encourage U.S. trade with foreign countries through various financing programs and risk mitigation services.
Forfaiting is a form of debt discounting for exporters in which a forfaiter accepts at a discount, and without recourse, a promissory note, bill of exchange, letter of credit, etc., received from a foreign buyer by an exporter. This enables exporters to receive payment without risk at the cost of a discount.
A corporation established by the U.S. government to facilitate unsubsidized funding of U.S. exports.
An unconditional guarantee from the Export Credits Guarantee Department (ECGD) to a UK bank enabling that bank to finance an exporter's medium-term credit to an export customer without recourse; the arrangement is known as supplier credit in contrast to the buyer credit under which the bank finances the overseas buyer to pay the exporter on cash terms.
