Environmental Technologies Industries
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Finance |
Financing Environmental Exports - A Guide to the Fundamentals and Sources |
Chapter 4 - Variation in Financing by Type of Country |
Australia | France | Japan | Poland |
Austria | Germany | Korea | Portugal |
Belgium | Greece | Luxembourg | Spain |
Canada | Hungary | Mexico | Sweden |
Czech Republic | Iceland | The Netherlands | Switzerland |
Denmark | Ireland | New Zealand | Turkey |
Finland | Italy | Norway | United Kingdom |
United States |
Canada | Export Development Corporation |
France | Compagnie Francais d'Assurance pour le Commerce Exterieur (COFACE) |
Germany | Hermes Kreditversicherungs AG (Hermes) |
Italy | Sezione Spexiale per l'Assicurazione del Credito al'Esportazione (SACE) |
Japan | Export-Import Insurance Division of the International Trade Administration Bureau of the Ministry of International Trade and Industry (EID/MTI) |
United Kingdom | Export Credit Guarantee Department (ECFD) |
United States of America | Overseas Private Investment Corporation (OPIC), U.S. Export-Import (EX-IM) Bank |
Case Study: IPTE - Short-Term Credit Insurance International Product and Technology Exchange (IPTE), of Piscataway, New Jersey, has a number of international customers located in markets where local banks charge prohibitively high interest rates for letters of credit and short-term obligations payable in 360 days or less. To facilitate credit to these customers, IPTE wanted to obtain open account, unsecured credit on 180-day repayment terms. To secure the open account, IPTE procured a short-term export credit insurance policy from the Export-Import (Ex-Im) Bank. This insurance policy covered nonrepayment for both political and commercial risks of default. The Ex-Im Bank charged IPTE an insurance premium of 1.5 percent of the value of the receivables insured. With Ex-Im Bank insurance policies to guarantee repayment, IPTE can now assign its international receivables to a local commercial bank and receive credit at an interest rate of the six-month London Inter-Bank Offering Rate plus 0.5 percent to 1.5 percent. By offering short-term financing to its customers, IPTE has been able to compete globally in the solar energy business. |
Afghanistan | Djibouti | Krygyz Republic | Sao Tome and Principe |
Albania | Dominica | Laos | Senegal |
Armenia | Egypt | Lesotho | Sierra Leone |
Azerbaijan | Equatorial Guinea | Liberia | Solomon Islands |
Bangladesh | Eritrea | Madagascar | Somalia |
Benin | Ethiopia | Malawi | Sri Lanka |
Bhutan | FYR Macedonia | Maldives | St Lucia |
Bolivia | Gambia | Mali | St. Vincent |
Bosnia-Herzegovina | Georgia | Mauritania | Sudan |
Burkina-Faso | Ghana | Moldova | Tajikistan |
Burundi | Grenada | Mongolia | Tanzania |
Central African Republic | Guinea | Mozambique | Togo |
Cameroon | Guinea-Bissau | Myanmar | Tonga |
Cape Verde | Guyana | Nepal | Uganda |
Chad | Haiti | Nicaragua | Vanuatu |
China | Honduras | Niger | Vietnam |
Comoros | India | Nigeria | Yemen (Republic of) |
Congo | Kenya | Pakistan | Zaire |
Cote d'Ivoire | Kiribati | Rwanda | Zambia |
Samoa | Zimbabwe |