1. Facilitating Trade between Taiwan and the Philippines
via Eximbank
Jennifer Yeh
Vice President & Deputy GM The Export-Import Bank of ROC
Dec. 07, 2017

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

3. New Southbound Policy

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

5. 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

6. Export Guarantee Import Guarantee Guarantee Facilities
Overseas Construction Guarantee

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

8. 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.

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

10. 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

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

12. 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

13. 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.

14. 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

15. Relending Banks in Philippines
Eximbank
BDO Unibank
CTBC Bank

16. 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

17. Thank You 17