ANNOUNCEMENT 01 Sep 2011In September 2011, the Export-Import Bank (EXIM) approved export credit insurance to Rastelli Brothers, Inc..
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USAspending.gov. Award profile. Summary.
EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020. :
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
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'.