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If you conduct business with
The Export-Import Bank of The United States, the Bank periodically publishes a list of countries which have limitations or restrictions placed upon them (usually in accord with
U.S. political policy, with a respectful nod to those
United Nations' sanctions, pronouncements, resolutions and other sentiments expressed in their many meetings) by the Bank in terms of their eligibility for
EXIM's participation.
Following is the latest schedule which will likely be in effect at least for the first calendar quarter of 2013. The bulletin is excerpted from a regular notification which The Internationalist Page Blog and CrowdFunding Incubator LLC both receive:
The Country Limitation
Schedule (CLS) issued by the Export-Import Bank of the United States
(Ex-Im Bank) has been updated. The new CLS is effective December 27,
2012.
The CLS indicates where
Ex-Im Bank is "open for cover" and where Ex-Im Bank is "off-cover". The
"open for cover" designation refers to the possibility, rather than the
certainty of Ex-Im Bank support in particular cases. Where the CLS
presents an X mark, Ex-Im Bank is "off-cover", and is therefore not
willing to consider approval of routine transactions. These "off-cover"
determinations are due to economic and/or political risks associated
with the country.
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Always remember that there are a number of EXIM banks throughout the world and situated in a number of countries. Each of these has the same basic agenda (i.e., to stimulate its home country's exports, and help with its
Balance Of Trade and
Balance Of Payments,
et cetera). Without rendering any professional opinion or offering you any advice, a saavy businessperson can
arbitrage the CLS and other differences in policies between these banks through re-domiciliation and a number of other devices to favorably arbitrage some very exciting business transactions.
As always, thank you for reading me and for re-tweeting me.
Douglas E. Castle
p.s. The notion Of "Going Green" is a major, growing trend, and will become
increasingly involved in government
policy-making, contracts and favors,
as well as being heavily infused into the capital markets, including
CrowdFunding - reference
The Global Futurist Blog. Expect the EX-IM Banks in most of the industrialized nations to reflect this in their willingness to issue financing and guaranties.
p.p.s. "Always remember that one country's protectionism is another country's industry opportunity." -
Douglas E. Castle
