ANNOUNCEMENT 01 Sep 2011

In September 2011, the Export-Import Bank (EXIM) approved export credit insurance to Rastelli Brothers, Inc..

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_09259713ST1005_8300

EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020. :
https://data.exim.gov/dataset/Authorizations-From-10-01-2006-Thru-12-31-2020/vbhv-d8am/
deal.number = 09259713ST1005
unique_identifier = 09259713ST1005

Export-Import Bank of the United States (EXIM), Financing Solutions, Export Credit Insurance. Available at: https://www.exim.gov/what-we-do/export-credit-insurance

Inception date: 01 Sep 2011 | Removal date: open ended

Trade finance

On 1 September 2011, the Export-Import Bank of the United States (EXIM) granted export insurance coverage to Rastelli Brothers, Inc. The supported transaction had a total value of USD 45 million. According to the banks categories of product or services affected by the transaction, this action supported 'Meat Processed from Carcasses'.

EXIMs export credit insurance is an insurance policy that mitigates the nonpayment risk of businesses foreign receivables. The program also helps the businesses to expand their borrowing base and improve their cash flows. By providing open account credit terms to foreign buyers, the program increases the competitiveness of U.S. businesses.

Notably, EXIM is a fully government-owned corporation and acts as an independent executive agency. Its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.

AFFECTED SECTORS

 

AFFECTED PRODUCTS