Page 78, Table 3.13 Ex-Im Bank authorizations, 2011-13 Question 90: Are the loans, guarantees and insurance provided by the Ex-Im Bank in compliance with the Gentleman’s Agreement of the OECD? If not, please specify the reasons. RESPONSE: Yes, all of the official medium- and long-term loans guarantees and insurance provided by the Ex-Im Bank are in compliance with the OECD Arrangement on Officially Supported Export Credits. Question 91: Please define the working capital (including term, beneficiaries and scope of support) indicated in the table. 请介绍表中的流动资金的定义（包括期限、发放对象、支持范围等）。 RESPONSE: The Ex-Im Bank’s Working Capital Guarantee Program (WCGP) provides a 90% guarantee on loans made by commercial lenders to creditworthy U.S. businesses that export. The loans are secured by export-related accounts receivable and export-related inventory collateral. The WCGP is an asset based lending product where the amount the exporter can borrow is determined by the available collateral securing the loan based on formula advance rates. The WCGP is a short term product. The term of the loan facilities are generally 12 months but can go up to 36 months. Ex-Im Bank's Global Credit Express program is specially designed to deliver short-term working capital loans directly to creditworthy small business exporters. Through this new program, small business exporters may be eligible for a 6- or 12-month revolving line of credit of up to $500,000. Global Credit Express adds liquidity to the U.S. small business export market by financing the business of exporting rather than specific export transactions. This is a pilot program currently offered through a select number of originators nationwide. Question 92: Are the working capital loans granted by the Ex-Im Bank different from the working capital loans provided by
Page 78, Table 3.13 Ex-Im Bank authorizations, 2011-13 Question 90: Are the loans, guarantees and insurance provided by the Ex-Im Bank in compliance with the Gentleman’s Agreement of the OECD? If not, please specify the reasons. RESPONSE: Yes, all of the official medium- and long-term loans guarantees and insurance provided by the Ex-Im Bank are in compliance with the OECD Arrangement on Officially Supported Export Credits. Question 91: Please define the working capital (including term, beneficiaries and scope of support) indicated in the table. 请介绍表中的流动资金的定义（包括期限、发放对象、支持范围等）。 RESPONSE: The Ex-Im Bank’s Working Capital Guarantee Program (WCGP) provides a 90% guarantee on loans made by commercial lenders to creditworthy U.S. businesses that export. The loans are secured by export-related accounts receivable and export-related inventory collateral. The WCGP is an asset based lending product where the amount the exporter can borrow is determined by the available collateral securing the loan based on formula advance rates. The WCGP is a short term product. The term of the loan facilities are generally 12 months but can go up to 36 months. Ex-Im Bank's Global Credit Express program is specially designed to deliver short-term working capital loans directly to creditworthy small business exporters. Through this new program, small business exporters may be eligible for a 6- or 12-month revolving line of credit of up to $500,000. Global Credit Express adds liquidity to the U.S. small business export market by financing the business of exporting rather than specific export transactions. This is a pilot program currently offered through a select number of originators nationwide. Question 92: Are the working capital loans granted by the Ex-Im Bank different from the working capital loans provided by
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