Application for Global Express Revolving Line of Credit

Forms and Documents

Document Name	Status
Form EIB 11-08 Application for Global Credit Express Revolving Line of Credit Form and Instruction	New
SORN - FR Notice 2-6-12.docx Supplementary Document	2012-02-06
Emergency Justification - Global Credit Express.docx Supplementary Document	2011-12-28
Supporting Statement - 12-19-11.doc Supporting Statement A	2011-12-28

IC Document Collections

IC ID	Document Title	Status
200630	Application for Global Credit Express Revolving Line of Credit Form and Instruction	New

ICR Details

OMB Control No: 3048-0038	ICR Reference No: 201112-3048-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 11-08
Title: Application for Global Express Revolving Line of Credit
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 01/13/2012
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/08/2012
	Date Received in OIRA: 12/28/2011
Terms of Clearance: Agency modified collection to address Privacy Act concerns. Agency will resubmit collection with FR citation for the SORN.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	6 Months From Approved
Responses	500	0	0
Time Burden (Hours)	542	0	0
Cost Burden (Dollars)	30,000	0	0

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Abstract: The Export Import Bank of the United States (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et seq), facilitates the financing of exports of U.S. goods and services. By neutralizing the effect of export credit insurance and loan guarantees offered by foreign governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and product quality. This collection of information is necessary, pursuant to 12 USC Sec. 635 (a) (1), to determine eligibility of the applicant for Ex-Im Bank assistance. This form is used by an exporter in order to obtain approval for an Ex-Im Bank direct loan or a guaranteed working capital line of credit to finance export sales. The information received provides Ex-Im Bank staff with the information necessary to make a determination of the eligibility of the applicant and its creditworthiness for Ex-Im Bank assistance under this direct loan and guarantee program.

Emergency Justfication: Ex-Im Bank is requesting an emergency approval of Ex-Im Bank form EIB 11-08, Application for Global Credit Express Revolving Line of Credit. Ex-Im Bank, in consultation with its commercial banking partners, has identified a significant gap in the capital markets for small business exporters. These smaller companies have export opportunities they can’t convert due to a lack of pre- and post-shipment working capital to carry them out. This conundrum exists because the cost of financing these smaller exporters makes it prohibitive for conventional trade finance lenders to get involved. That’s why Ex-Im Bank has spent the past year developing a direct loan program for small business exporters that encourages the banks to refer their qualified export customers to Ex-Im Bank for financing. Ex-Im Bank feels that EIB 11-08 requires emergency approval in order to implement the Global Credit Express Pilot Program as soon as possible in order to meet this pressing need and to preserve positive momentum with the banks.

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Authorizing Statute(s): US Code: 12 USC 635 Name of Law: Export Import Bank Act of US
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 248	12/27/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Global Credit Express Revolving Line of Credit	EIB 11-08	Application for Global Credit Express Revolving Line of Credit

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	500	0	0	500	0	0
Annual Time Burden (Hours)	542	0	0	542	0	0
Annual Cost Burden (Dollars)	30,000	0	0	30,000	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new form and no previous burden information is available.

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Annual Cost to Federal Government: $30,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/28/2011

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