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THAI EXIMBANK - Export-Import Bank of Thailand (Thailand EXIM)

Key facts

  • Established in 1993
  • Ownership: Public
Not Part of the OECD Part of the Berne Union

Latest update: 03/12/2021

Products

  • Buyer credit
  • Export credit
  • Medium- to long-term loans
  • Medium- to long-term export credit insurance
  • Financing facilities for overseas investment
  • Other products

Buyer Credit

  • Loans to foreign buyers and banks to promote import of goods and services from Thai exporters
  • Eligibility and term:
    - Foreign buyers: Medium- to long-term credit
    - Foreign banks: Short- to long-term credit"
  • Short- to long-term credit facilities provided to overseas banks comprise:
    - Revolving trade financing facility: A short-term credit facility extended to buyer’s bank, enabling the bank to offer a trust receipt to buyer of Thai exports and/or services
    - Long-term financing facility: Provided to buyer’s bank to finance buyer’s purchase of Thai capital goods and/or services
    - Relending facility: A long-term financing service available to overseas banks for relending to Thai investment projects overseas"

Export Credit

  • A revolving line of credit provided to exporters of all kinds of products to meet their pre-shipment financial needs
  • Exporter can use USD or JPY-denominated proceeds to repay loan extended in the same currency without converting into THB, thereby eliminating foreign exchange risks
  • Utilization:
    - Once a credit line is established and a credit agreement signed, exporter can obtain financing using an L/C, contract, or purchase order as evidence of drawdown
    - For each drawdown, exporter must issue a promissory note in an amount equal to the drawdown amount and in the same currency specified in the credit agreement
    - After goods are shipped out, exporter can discount export bills with EXIM Thailand using the proceeds to settle the promissory note debt while retaining the balance, which in the case of USD or JPY will be converted to THB before payment to exporter
    - This is a revolving facility—any amount repaid will be available for drawdown against other purchasing documents as specified"
  • Repayment term:
    - Up to 120 days"
  • Currency:
    - THB and USD
    - JPY is available to exporters with JPY-denominated L/Cs, contracts, or purchase orders"
  • Other eligible credit recipients:
    - Indirect exporters (export suppliers) who import raw materials for export-oriented production and/or possess purchase orders from direct exporters or copies of commercial invoices endorsed by exporters upon receipt of goods
    - Exporters to enable them to issue post-dated checks to their suppliers for discount at EXIM Thailand, then receive funds for use as working capital before the check due date"

Medium to Long-Term Loans

  • Long-term credit for export of capital goods: This facility aims to enhance the competitive edge of Thai exporters of new or used machinery or other capital goods
    - Term: Up to 7 years depending on project type or remaining lifetime of the capital goods
    - Amount: 85% of capital goods value, considering the project’s debt to equity ratio
    - Credit recipients: Importers’ banks, importers, or exporters
    - Currency: USD and THB if the credit is extended to exporters in Thailand"
  • Term loan for businesses expansion: This facility aims to support the expansion of exporters’ production capacity
  • Financing facilities for logistics service providers: A facility to finance the expansion, improvement, or upgrading of logistics services in exporting process, including warehousing, distribution center, and international freight forwarding services

Medium to Long-Term Export Credit Insurance

  • Covers against default of payment caused by losses (due to commercial or political risk) relating to overseas trade
  • Types of policies:
    - For supplier of goods and services: Covers losses including direct costs and expenses incurred during the production period, and the invoiced value of the delivered portion in the credit period
    - For financial institutions providing overseas credit: Covers losses during drawdown period and repayment period"
  • Eligibility: All export transactions
  • Credit terms:
    - For export of services transaction: The term of payment or contract period could be up to 5 years
    - For export of goods transaction: Term of payment or contract period should be longer than 6 months and up to 5 years"

Financing Facilities for Overseas Investment

  • Financing facilities for overseas construction contracts: Supports various types of overseas contracts such as building renovation, machinery maintenance and renovation, and technical consultancy
  • Three components:
    - Long-term loan to contracting parties in foreign countries who engage Thai contractors
    - Short- to medium-term credit to be used as working capital for the work under contract
    - Issuance of guarantees at different stages of project from bidding to completion"
  • Financing facilities for overseas investment: A long-term credit to support Thai investors’ overseas investment projects
  • Financing facilities for Thai restaurants overseas: To support Thai investors who intend to open Thai restaurants in foreign countries

Other Products

  • Export finance:
    - Issuance for guarantee services: Revolving guarantee for import duty payment
    - Financing facilities for import: L/C opening, import bill for collection, trust receipt, shipping guarantee, and outward remittance
    - Other financial facilities for export: L/C advising and amendment, L/C transfer, export bill under L/C, export bill for collection, inward remittance, and foreign exchange forward contract"
  • Export credit insurance and investment insurance:
    - Short-term export credit insurance: EXIM Sure, EXIM Flexi, EXIM 4 SMEs
    - Investment insurance
    - Risk assessment reports of buyers and banks"
  • Project finance:
    - Financing facilities for domestic investment: Merchant marine financing, term loan for national development projects, and clean development mechanism (CDM) loans"
  • Trade fair financing: A credit facility for exporters, particularly SMEs, wishing to expand their markets through international trade fairs
    - Loan size: 0.5–1 million Baht per trade fair
    - Interest rate: An annual interest rate up to 1%
    - Eligible exporters: Companies with merchandise, records of exportation and market expansion potential, and companies that received EXIM Thailand’s revolving credit line
    - Exporters are required to submit to EXIM Thailand the evidence of their trade fair participation such as receipts of exhibition space rental or transportation fee, or exhibition reports by the second repayment date
    - Repayment term: 1 year (or 2 years, if necessary)"
  • Special promotion for SMEs:
    - EXIM instant credit: A pre- and post-shipment revolving fund to enable SMEs to start up or expand their export business to a greater extent
    - Instant SMEs export insurance: Safeguards SME exporters against non-payment risk by overseas buyers
    - EXIM super value promotion: Super value export credit and export bill negotiation
    - EXIM Thailand’s services in support of the government’s economic stimulus policy"





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