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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

Latest update: 03/12/2021

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"


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