EIB 99-14 Trade Reference Form

Forms and Documents

Document Name	Status
Form EIB 99-14 Trade Reference Form Form and Instruction	New
Emergency Justification 5-29-12.pdf Supplementary Document	2012-05-31
Supporting Statement EIB99-14-Final.doc Supporting Statement A	2012-05-31

IC Document Collections

IC ID	Document Title	Status
202517	Trade Reference Form Form and Instruction	New

ICR Details

OMB Control No: 3048-0042	ICR Reference No: 201205-3048-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 99-14
Title: EIB 99-14 Trade Reference Form
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 06/08/2012
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/12/2012
	Date Received in OIRA: 05/31/2012
Terms of Clearance: Burden reclassified as change due to agency violation of the PRA.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2012	6 Months From Approved
Responses	1,500	0	0
Time Burden (Hours)	625	0	0
Cost Burden (Dollars)	58,125	0	0

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Abstract: EIB 99-14 Trade Reference Form provides essential credit information used by Ex-Im Bank credit officers when analyzing requests for export credit insurance/financing support, both short-term (360 days & less) & medium-term (longer than 360 days), for the export of their US goods and services. Additionally, this form is an integral part of the short-term Multi-Buyer export credit insurance policy for those policyholders granted foreign buyer discretionary credit limit authority (DCL). Multi-Buyer policy holders given DCL authority may use this form as the sole source or one piece among several sources of credit information for their internal foreign buyer credit decision in which, in turn, commits Ex-Im's guarantee. When developed in conjunction with the Bank's Short Term and Medium-Term Credit Standards (STCS/MTCS) the Trade Reference Form was meant to be a guideline for the type of information needed by either an Ex-Im loan officer or Multi-Buyer policyholder when making a foreign buyer credit decision. Ideally a supplier providing the trade reference would submit this information in a letter/memorandum on their company letter. Over time it has become common practice for Exporters to complete this form, thereby making it a regularly-used document in particular by Multi-Buyer policyholders. Ex-Im Bank and its Multi-Buyer policyholders use the Trade Reference Form approximately 6,500 times annually. Thus the Trade Reference Form is critical to Ex-Im Bank and in particular to over 2,300 Multi-Buyer policyholders during their foreign buyer credit review process. Accordingly, Ex-Im Bank requests emergency approval of EIB 99-14 in order to maintain the continuous foreign buyer credit process which affects over 6,500 foreign buyer requests annually.

Emergency Justfication: Export-Import (Ex-Im) Bank is requesting an emergency approval for form EIB 99-14, Trade Reference Form, because the Bank is currently using this form without OMB approval. This form provides essential credit information used by Ex-Im Bank credit officers when analyzing requests for export credit insurance/financing support, both short-term (360 days & less) & medium-term (longer than 360 days), for the export of their US goods and services. Additionally, this form is an integral part of the short-term Multi-Buyer export credit insurance policy for those policyholders granted foreign buyer discretionary credit limit authority (DCL). Multi-Buyer policy holders given DCL authority may use this form as the sole source or one piece among several sources of credit information for their internal foreign buyer credit decision in which, in turn, commits Ex-Im’s guarantee. When developed in conjunction with the Bank’s Short Term and Medium-Term Credit Standards (STCS/MTCS) the Trade Reference Form was meant to be a guideline for the type of information needed by either an Ex-Im loan officer or Multi-Buyer policyholder when making a foreign buyer credit decision. Ideally a supplier providing the trade reference would submit this information in a letter/memorandum on their company letter. Over time it has become common practice for Exporters to complete this form, thereby making it a regularly-used document in particular by Multi-Buyer policyholders. Ex-Im Bank and its Multi-Buyer policyholders use the Trade Reference Form approximately 6,500 times annually. Thus the Trade Reference Form is critical to Ex-Im Bank and in particular to over 2,300 Multi-Buyer policyholders during their foreign buyer credit review process. Accordingly, Ex-Im Bank requests emergency approval of EIB 99-14 in order to maintain the continuous foreign buyer credit process which affects over 6,500 foreign buyer requests annually.

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Authorizing Statute(s): US Code: 12 USC 635 Name of Law: Export Import Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 86	05/03/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Trade Reference Form	EIB 99-14	Trade Reference form

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,500	0	0	0	1,500	0
Annual Time Burden (Hours)	625	0	0	0	625	0
Annual Cost Burden (Dollars)	58,125	0	0	0	58,125	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: EIB 99-14 is an existing form the Bank is currently using without OMB approval.

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Annual Cost to Federal Government: $58,125

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 05/31/2012

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