Institution details
EXIM Bank of Trinidad and Tobago (T&T EXIM)
Key facts
- Established in 1973
- Ownership: Public
Not Part of the OECD
Not part of the Berne Union
- Exim House, #30 Queens Park West
- None
- https://www.eximbanktt.com
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BBB+ |
Country rating | S&P | Local currency | BBB+ |
Products
- Export credit insurance
- Trade receivable financing
- Raw material financing
- Demand loan financing
Export Credit Insurance
- Insurance to exporters against non-payment by foreign buyers on goods and services exported on credit terms
- Cover: Commercial and political risks
- Premium vary depending on the buyer’s creditworthiness, payment terms, and the economic and political environment
- Fees: Calculated per invoice value on or before the 5th day of the following month on all shipments in the previous month
Trade Receivable Financing
- Short-term financing to manufacturers, distributors, and service providers
- 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
Raw Material Financing
- 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
- Current: TTD and USD
Demand Loan Financing
- 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"
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short/medium/long-term | Comprehensive | 90%-95% |
Insurance | Short/medium/long-term | Political | 90%-95% |