Relending Facility Program of Export-Import Bank
Equipment, parts, raw materials and other products of Taiwanese origin.
US Dollars
For each transaction, the amount of funding does not exceed 85% of the purchase price and gross 2,000,000 USD.
- Credit for consumer goods - up to one year
- Credit for non-consumptive goods - up to five years
Based on six 6) month LIBOR (London Inter-Bank Offered Rate) for the US dollar plus margin.
Typically, the loan is repaid in equal semi-annual installments, the first payment is paid after 12 months from the date of payment of Export-Import Bank. In the case of a loan for a period of less than one year, occupying a fully repays the financial institution (once) a loan in the stipulated term.
Loan repayment prior to maturity is allowed without penalty charges
Crediting procedure diagram:
After signing the contract buyer must make a down payment of 15% of contract value by bank transfer. 85% are payable in equal installments for five year period, with an annual percentage (6%) for the services of Export-Import Bank of Taiwan according to the installment plan, 10 payments in total.
Installment payment schedule:
For example, the total price of the commercial offer is: US$ 145,000
15% ie US$ 21,750 - advance payment, bank transfer (from US$ 145,000)
85% i.e US$ 123,250 - an unconfirmed letter of credit payable in equal installments for a period of five years, with annual percentage (6%), 10 semi-annual payments in total.
Annual interest rate 6%
| Number of payment | Date of payment | Principal payment, USD | Percentage for the bank's services, USD | Payment amount, USD |
| 1 | 6 months upon receipt of the bill of lading | $12,325.00 | $3,697.50 | $16,022.50 |
| 2 | 12 months upon receipt of the bill of lading | $12,325.00 | $3,327.75 | $15,652.75 |
| 3 | 18 months upon receipt of the bill of lading | $12,325.00 | $2,958.00 | $15,283.00 |
| 4 | 24 months upon receipt of the bill of lading | $12,325.00 | $2,588.25 | $14,913.25 |
| 5 | 36 months upon receipt of the bill of lading | $12,325.00 | $2,218.50 | $14,543.50 |
| 6 | 42 months upon receipt of the bill of lading | $12,325.00 | $1,848.75 | $14,173.75 |
| 7 | 48 months upon receipt of the bill of lading | $12,325.00 | $1,479.00 | $13,804.00 |
| 8 | 54 months upon receipt of the bill of lading | $12,325.00 | $1,109.25 | $13,434.25 |
| 9 | 60 months upon receipt of the bill of lading | $12,325.00 | $739.50 | $13,064.50 |
| 10 | 66 months upon receipt of the bill of lading | $12,325.00 | $369.75 | $12,694.75 |
| $123,250.00 | $20,336.25 | $143,586.25 |
Total: the total contract amount including credit installments is as follows: (total quotation) US$ 145,000 + $20,336.25 (the percentage of the Bank's services, 5 years of 6% per annum) = US$ 165,336.25
Why do our partners choose crediting?
*actually the first payment - after 6 months upon receipt of the bill of lading (or delivery of equipment) start after the installation and commissioning, start-up of production and sales of finished products. The interest rate can be pre-agreed with the bank (crediting for 3 years at the rate of 4% or 5% per annum is possible).
Crediting procedure diagram:
- Establishment of Relending Facility Agreement
- Conclusion of Sales Contract
- Application for relending loan
- Issuance of Letter of Credit
- Negotiation of L/C
- Drawdown Request
- Installment Repayments
- Installment Repayments
Frequently Asked Questions:
- Applying for a credit line.
There are two ways to open a credit line of Export-Import Bank. Actually Export-Import Bank can take the initiative in opening a credit line of selected financial institution at its discretion with good reputation, as well as the foreign bank can send the audit report for the last three years as the request. - Launch of advertising program for the client.
The advertising campaign is recommended to activate the crediting process. It affects the payments from Export-Import Bank and assists in the conclusion of commercial transactions - Loan amortisation.
In case the term of the loan is less than one year, occupying bank repays it on a one-off basis in specified term. Loans for longer periods are repaid approximately with equal semi-annual installments, the first of which takes place within twelve months from the date of payment of the loan from Export-Import Bank of Taiwan. To facilitate the paperwork of debt repayment schedule terms determined by Export-Import Bank of Taiwan on February 15, May 15, August 15 and 15 November.
For example:
Upon loan repayment January 15, 2013 and the loan period of 3 years, occupying bank repay February 15, 2014 August 15, 2014 February 15, 2015 August 15, 2015 and February 15 2016.
Interest is payable August 15, 2013, February 15, 2014 August 15, 2014, February 15, 2015 August 15, 2015 and January 15, 2016.