EXIM relief measures of March 12, 2020 (waivers, deadline extensions, streamlined processing and flexibility for an initial 30-day period)

The record

Jurisdiction

United States; Export-Import Bank of the United States (federal export credit agency)

Level

Federal

Authority

12 U.S.C. § 635(a)(1); § 635a(c)

Issued

2020-03-12 Mar. 12, 2020

Effective

2020-03-12 (initial period of 30 days) (read as 2020-03-12)

End

Extended through May 31, 2020 (Ex. 093), Aug. 31, 2020 (Ex. 094), Oct. 31, 2020 (Ex. 095), Apr. 30, 2021 (Ex. 096) and April 2022 (Ex. 097) (read as 2020-05-31)

In force

Mar. 12, 2020 to May 31, 2020

Quarters

2020 Q2

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Other

Addressees

• U.S. exporters and the commercial lenders and insurance brokers that use EXIM's Working Capital Guarantee, export credit insurance and medium-term programs

Functions reached

• BL export working-capital lending by commercial banks under EXIM guarantee
• IN export credit insurance (claim and reporting deadlines)
• OP
• CB exporters whose shipments and buyers were disrupted

Collection

Federal financial regulators AGY-FED-FINANCIAL

Operative words

EXIM is offering relief measures, including waivers, deadline extensions, streamlined processing, and flexibility, to its customers for an initial period of 30 days (with the [possibility of extension])... Working Capital Guarantee Program... 'To this end, we are extending the periods of our working capital facilities and the [reporting and claim deadlines under our insurance policies].'

Enforcement

Notes