Notice of Claim and Proof of
Loss, Working Capital Guarantee
Revision of a currently approved collection
No
Regular
12/22/2020
Requested
Previously Approved
36 Months From Approved
01/31/2021
17
17
17
17
0
0
Pursuant to the Export-Import Bank Act
of 1945, as amended (12 USC 635, et seq.), the Export-Import Bank
of the United States (Ex-Im Bank), facilitates the finance of the
export of U.S. goods and services by providing insurance or
guarantees to U.S. exporters or lenders financing U.S. exports. By
neutralizing the effect of export credit insurance or 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. In the event that a borrower defaults on a
transaction insured or guaranteed by Ex-Im Bank, the insured or
guaranteed exporter or lender may seek payment from Ex-Im Bank by
the submission of a claim. This collection of information is
necessary, pursuant to 12 USC 635 (a)(1), to determine if such
claim complies with the terms and conditions of the relevant
insurance policy or guarantee, as the case may be. Ex-Im Bank
offers guarantees of principal and interest on floating or
fixed-rate loans by eligible lenders to creditworthy U.S. exporters
to enable them to meet their working capital needs and fulfill
their export sales contracts. The guarantees cover the repayment
risks of the U.S. exporters export working capital line. Ex-Im Bank
guarantees that, in the event of a payment default by the borrower,
it will repay to the lender the outstanding principal and interest
on the loan.
US Code:
12
USC 635 Name of Law: Export Import Bank of the United
States
US Code: 12 USC 635(a)(1) Name of Law: Export
Import Act of 1945
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.