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News

ARTICLE

Date ArticleType
1/31/2022 Member News

EXIM Bank releases NEW Country Limitation Schedule Effective February 3, 2022

Beginning February 3, you can access EXIM’s  new Country Limitation Schedule.  https://www.exim.gov/tools-for-exporters/country-limitation-scheduleThe Country Limitation Schedule (CLS) indicates where EXIM is "open for cover" and where EXIM is "off-cover." The "open for cover" designation refers to the possibility, rather than the certainty of EXIM support in particular cases. Where the CLS presents an X mark, EXIM is "off-cover," and is therefore not willing to consider approval of routine transactions. These "off-cover" determinations are due to economic and/or political risks associated with the country.

Where the CLS indicates support is not available, EXIM can still consider financing arrangements that eliminate or externalize country risk. Potentially acceptable transactions include structured transactions that earn revenues offshore in a country with no CLS restrictions and are held in a bank or trust account acceptable to EXIM; third-party support from creditworthy entities in countries with no CLS restriction; and asset-backed lease and financing structures involving equipment such as aircraft.  It should be noted that these exceptions do not apply in countries where EXIM is legally prohibited from operating.

Please contact us at [email protected] to be directly connected to EXIM and other export risk reduction expertise.

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ABOUT WORLD TRADE CENTER DELAWARE

World Trade Center ® Delaware is the State’s premier international business resource. We help companies, especially small, medium sized, or emerging, to grow their international business. We provide trade leads, training programs, job leads, and, networking and matchmaking opportunities for Delaware companies. We serve all types of companies, in sectors as varied as agriculture, environmental remediation, IT, medical equipment manufacturing and bio-pharmaceuticals, and, financial, legal and real estate services.  Our mission is to serve you.  Please be sure to contact us for all your international business needs.  
  • About Us
    • Letter From The Governor
    • Message From The President
    • Board of Directors
    • Our Team
    • Internships
    • What Companies Say >
      • Submit a Testimonial
    • Map of the Area
    • World Trade Centers Association
    • Contact Us
  • Services
    • Member Benefits >
      • Become A Member
      • Student Membership
    • Benefit Partners
    • Online Education
    • Import/Export Assistance
    • International Business Training
    • U.S. Office Setup
  • Business Directory
  • Events & News
    • Events >
      • Submit a Community Event
    • Picture Gallery
    • World Trade News You Can Use
    • Newsletters
    • Join Our Mailing List!
  • Resources
    • COVID-19
    • Are you Export Ready?
    • Trade Leads >
      • Submit a Trade Lead
  • Job Bank
  • Member Login