SupportingStatementElectronicClaimFilingSystem, October 31, 2007

SUPPORTING STATEMENT
FOR PAPERWORK REDUCTION ACT SUBMISSION
EXPORT-IMPORT BANK OF THE UNITED STATES
ELECTRONIC CLAIM FILING SYSTEM
EIB 07-01A, EIB 07-01B AND EIB 07-01C

A. Justification
1. Pursuant to the Export-Import Bank Act of 1945, as amended (12 USC 635, et seq.), the
Export-Import Bank of the United States (Ex-Im Bank), facilitates the finance of the export of
U.S. goods and services by providing insurance or guarantees to U.S. exporters or lenders
financing U.S. exports. By neutralizing the effect of export credit insurance offered by foreign
governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank
enables U.S. exporters to compete fairly in foreign markets on the basis of price and product. In
the event that a debtor defaults on a transaction insured or guaranteed by Ex-Im Bank, the
insured or guaranteed exporter or lender may seek payment from Ex-Im Bank by the
submission of a claim. This collection of information is necessary, pursuant to12 USC 635
(a)(1), to determine if such claim complies with the terms and conditions of the relevant
insurance policy or guarantee, as the case may be.
2. Multi-buyer Insurance Policy: The Export Credit Insurance program helps U.S. Exporters
develop and expand their overseas sales by protecting them against loss should a foreign buyer
or other foreign debtor default for political or commercial reasons. With an Ex-Im Bank policy,
exporters can also obtain export financing more easily because, with prior approval by Ex-Im
Bank, the proceeds of the policy can be assigned to a financial institution as collateral. To
encourage the export of U.S. Goods and services, Ex-Im Bank has tailored its policies to meet
the insurance needs of exporters and financial institutions. Under the Multi-buyer Insurance
Policy, regular coverage is provided for short-term export sales to many different buyers.
Working Capital: Under the Working Capital Guarantee Program, Ex-Im Bank provides
repayment guarantees to lenders on secured, short-term working capital loans made to qualified
exporters. The guarantee may be approved for a single loan or a revolving line of credit.
Medium-Term Guarantees: Ex-Im Bank offers guarantees of principal and interest on floating
or fixed-rate loans by eligible lenders to creditworthy buyers of U.S. goods and services in order
to help U.S. exporters compete against suppliers in other countries offering officially supported
export credits and fill gaps in the availability of private export financing. The guarantees cover
the repayment risks on the foreign buyer's debt obligations. Ex-Im Bank guarantees that, in the
event of a payment default by the borrower, it will repay to the lender the outstanding principal
and interest on the loan. The foreign buyer is required to make at least a 15 percent cash
payment. Ex-Im Bank's comprehensive guarantee covers 100 percent of the commercial and
political risks. Guarantees covering only specified political risks are also available.

The collection provides Ex-Im Bank staff with the information necessary to process the filing of
a claim for a defaulted transaction under Ex-Im Bank’s Multi-buyer Insurance Policy, MediumTerm Guarantee and Working Capital Guarantee programs.
3. Ex-Im Bank is currently accepting this application electronically. The online application
offers the U.S. exporting community the opportunity to electronically submit a claim, which
reduces the paperwork burden and processing times, and minimizes the expense of using
mailing services.
4. Each form is independent of the other, i.e., no duplication, since each form corresponds to a
unique product. In circumstances when some information may already be on file at Ex-Im Bank
the application includes language allowing the applicant to indicate so.
5. The electronic submission of the forms reduces the paperwork burden on small businesses
and processing time for Ex-Im Bank. Paper forms have been used in the past. We are
encouraging our customers to submit their claims online.
6. Absent the information required in the online forms, Ex-Im Bank would be unable to
document proof of loss, process claims, and pay insureds.
7. This collection is consistent with guidelines in 5 CFR 1320.6
8. A request for comments was published June 18, 2007, Volume 72, No 116 Federal Register,
page 33504. No comments have been received. All application forms and revisions thereto are
discussed with potential users and staff to determine necessity, practicality and acceptability.
9. Not applicable. Ex-Im Bank does not provide any payment or gift to respondents.
10. Ex-Im Bank and its officers and employees are subject to the Trade Secrets Act, 18
U.S.C. Sec. 1905, which requires Ex-Im Bank to protect confidential business and commercial
information from disclosure, as well as 12 CFR 404.1, which provides that, except as required
by law, Ex-Im Bank will not disclose information provided in confidence without the
submitter’s consent.
11. The information collection does not ask questions of a sensitive nature.

12. No. of respondents..........................
Frequency of Response...................
Annual hour burden .......................

EIB 07-01A EIB 07-01B EIB 07-01C
32
10
10
On Occasion On Occasion On Occasion
32 Hours
10 Hours
15 Hours

The estimate for EIB 07-01A is based on an actual count for a 12-month period. The actual
number of responses for EIB 07-01B and 07-01C are 0, but we are submitting them for approval
because it is estimated that the number of users will grow. We are encouraging our customers
to utilize the electronic systems.

13. Not applicable.
14. Estimated annualized cost to the Federal government.
Reviewing time/hrs ............................................................... 1
Responses/yr ......................................................................... 52
Review time/yr ...................................................................... 52
Avg. wages/hr .......................................................................x$35
Avg. wages/yr .................................................................. $1,820
Benefits & overhead .............................................................. 100%
Total Government cost ................................................... $3,640
15. The burden is showing as increased because this is the first submission to OMB for approval
of the Electronic Claim Filing System.
16. Not applicable. The collected information is not published. Any publishing of information
collected is not related to the original purpose of the application.
17. Not applicable. We are not seeking approval not to display the expiration date.
18. No exceptions.
B. Collections of Information Employing Statistical Methods
Statistical methods are not used in this information collection.