Notification by Insured of Amounts Payable Under Single-Buyer Export Credit Insurance Policy

ICR 201304-3048-005

OMB: 3048-0047

Federal Form Document

ICR Details
3048-0047 201304-3048-005
Historical Active
EXIMBANK EIB 92-32
Notification by Insured of Amounts Payable Under Single-Buyer Export Credit Insurance Policy
New collection (Request for a new OMB Control Number)   No
Regular
Approved with change 08/20/2013
Retrieve Notice of Action (NOA) 04/25/2013
  Inventory as of this Action Requested Previously Approved
08/31/2016 36 Months From Approved
150 0 0
75 0 0
16,275 0 0

The Export Import Bank of the US (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et seq), facilitates the finance of export of U.S. goods and services. By neutralizing the effect of export credit insurance and 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. This collection of information is used by exporters to convey legal rights to their financial institution lenders to share insurance policy proceeds from Ex-Im Bank approved insurance claims. This form represents the exporter's directive to Ex-Im Bank to whom and where the insurance proceeds should be sent. The forms are typically part of the documentation required by financial institution lenders in order to provide financing of an exporter's foreign accounts receivable. Foreign accounts receivable insured by Ex-Im Bank represent stronger collateral to secure the financing. By recording which policyholders have completed this form, Ex-Im Bank is able to determine how many of its exporter policyholders require Ex-Im Bank insurance policies to support lender financing.

US Code: 12 USC 635 Name of Law: Export Import Act of 1945
  
None

Not associated with rulemaking

  78 FR 18 01/28/2013
78 FR 74 04/17/2013
No

  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 150 0 0 150 0 0
Annual Time Burden (Hours) 75 0 0 75 0 0
Annual Cost Burden (Dollars) 16,275 0 0 16,275 0 0
Yes
Miscellaneous Actions
No
This is a new form, therefore we have no previous experience on burden.

$16,320
No
No
No
No
No
Uncollected
Kalesha Malloy 202 565-3112 kalesha.malloy@exim.gov

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
04/25/2013


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