Facilitating Trade between Taiwan and the Philippines via Eximbank Jennifer Yeh Vice President & Deputy GM The Export-Import Bank of ROC Dec. 07, 2017 http:// www.eximbank.com.tw

Eximbank of the Republic of China Founded in 1979 100% Owned by government Specialized financial institution

New Southbound Policy

Export Credit Insurance economic financial trade Financing Export Credit Insurance Guarantee Risks Management Eximbank policies

Short-Term Export Credit - L/C, D/P, D/A, O/A Financing Short-Term Export Credit - L/C, D/P, D/A, O/A Medium and Long-Term Export Credit Overseas Investment Credit

Export Guarantee Import Guarantee Guarantee Facilities Overseas Construction Guarantee

Export Credit Insurance -- L/C, D/P,D/A, O/A Medium and Long-Term Deferred Payment Export Credit Insurance Overseas Investment Insurance

What We Cover--- Commercial Risks Political Risks Export Credit Insurance Buyer’s bankruptcy or insolvency Buyer’s delayed payment (Protracted Default) Buyer’s refusal to accept the goods Political Risks Export Credit Insurance Overseas Investment Insurance Cancellation of export or import licenses and permits Non-conversion of currency or inability to transfer funds Loss incurred by war, revolution, riot, internal unrest or rebellion in the buyer’s country or area.

In Support of Importation from Taiwan Relending Facility In Support of Importation from Taiwan

Eximbank extends a Revolving Line of Credit to overseas financial institutions（Relending Banks) for relending the importers’ purchasing from Taiwan. Relending Bank Eximbank Importer Taiwan Exporter Repay Repay

Risk Sharing Scheme-- Eximbank undertakes the repayment risk of the Relending Bank The Relending Bank undertakes the repayment risk of the importer

Terms and conditions Eligible goods: goods sold by Taiwan exporters. Currency: US dollars Percentage of Financing: up to 100% of the transaction Interest Rate: floating at 6-M LIBOR plus a margin

Terms and conditions Tenor : up to 5 years 6.Repayment of Principal: In one lump sum on the maturity date. semi-annual installments (tenor >1year) Payment of Interest: interest paid every 6 months.

Benefits under Relending Facility Taiwan Exporters getting access to emerging markets no extra burden on Balance Sheet no repayment obligation after shipment Foreign Importers being able to obtain loans with lower interest rate repayment of loans by installments Foreign Banks (Relending Banks) favorable funding source interest income

Relending Banks in Philippines Eximbank BDO Unibank CTBC Bank

The Relending Banks Worldwide 轉融資合作銀行全球分佈圖 BELARUS BULGARIA CZECH USA KAZAKHSTAN INDIA CHILE ARMENIA INDONESIA COLOMBIA RUSSIA MONGOLIA DOMINICAN TURKEY PHILIPPINES ECUADOR THAILAND EL SALVADOR VIETNAM QUATEMALA CAMBODIA HONDURAS MARSHALL ISLAND NICARAGUA PARAGUAY ＊68 banks in 25 countries – 30/11/2017

Thank You 17