EIB 12-01 Disbursement Request 2-5-13

EIB 12-01 MT MGA Disbursement Approval Request

Disbursement Request Submission Screenshots (MT Guarantee)

February 5, 2013

Table of Contents

I. Summary 3

II. Disbursement Request Forms - Workflow 6

A. Workflow processes 6

B. Data displayed with each disbursement request form 9

C. Accessing a Transaction 10

III. Disbursement Request Forms – Sample Forms 11

A. Disbursement Request Form – MT Guarantee (US Cost) 11

B. Disbursement Request Form – MT Guarantee (Local Cost) 12

C. Disbursement Request Form – MT Guarantee (IDC) 13

D. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed US Cost) 14

E. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed Local Cost) 15

F. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed IDC) 16

G. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating US Cost) 17

H. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating Local Cost) 18

I. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating IDC) 19

J. Disbursement Request Form – MT Guarantee (Delegated Authority US Cost) 20

K. Disbursement Request Form – MT Guarantee (Delegated Authority Local Cost) 21

L. Disbursement Request Form – MT Guarantee (Lease Delivery US Cost) 22

M. Disbursement Request Form – MT Guarantee (Lease Delivery Local Cost) 23

N. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Fixed US Cost) 24

O. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Fixed Local Cost) 25

P. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Floating US Cost) 26

Q. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Floating Local Cost) 27

1. Summary

Ex-Im Bank has developed an electronic disbursement approval processing system for guaranteed lenders with transactions documented under Medium-term Master Guarantee Agreements. After an export transaction has been authorized by Ex-Im Bank and legal documentation has been completed, the lender will obtain and review the required disbursement documents (e.g. invoices, bills of lading, Exporter’s Certificates, etc.) and will disburse the proceeds of the loan for eligible goods and services. In order to obtain approval of the disbursement, the lender will access and complete an electronic questionnaire through ExIm Online. Ex-Im Bank’s action (approved or declined) will be posted on the lender’s history page.

An electronic request for disbursement approval has been developed for transactions approved under the 3 types of Medium-term Master Guarantee Agreement with variations in the disbursement request related to the 3 program types:

1. Master Guarantee Agreement (Medium Term Credits - Electronic Compliance Program)

2. Master Guarantee Agreement (Medium Term Credits – Medium Term Delegated Authority Program)

3. Master Guarantee Agreement (Medium Term Credits – Finance Lease)

Eligible costs in the following categories may be authorized by Ex-Im Bank and the disbursement request will have variations depending on the type of cost selected:

• U.S. goods and services

• Local cost goods and services

• Interest during construction (available under Master Guarantee Agreement 1)

Finally, transactions denominated in a foreign currency may be authorized under Master Guarantee Agreements 1 and 2 listed above. Disbursements under these transactions have special foreign exchange conversion rules depending on whether the U.S. exporter receives payment in U.S. dollars or a foreign currency under the terms of its supply contract. There are slight variations in the request which reflect the foreign exchange conversion approach:

• Fixed (the U.S. Exporter is paid in foreign currency): The lender is required to enter all financial data in foreign currency values and the System will convert the information to U.S. dollars based on a pre-approved fixed exchange rate associated to the transaction.

• Floating (the U.S. Exporter is paid in U.S. dollars): The lender is required to enter the total amount of the request in both U.S. dollars and foreign currency values so that a conversion rate can be established with the remaining financial data entered only in U.S. dollars.

The remainder of this document will provide screenshots of the sample Disbursement Request Forms that can be submitted by a Lender through the Ex-Im Online System. These forms are only available in electronic format and therefore all Lenders are required to submit for approval “on-line.” The on-line process helps to confirm that all necessary data is collected up-front by enforcing data validations upon submission as well as ensuring the integrity of the data, meaning what was entered by the Lender, is what is received by Ex-Im Bank. As mentioned earlier, the decision to approve or decline a disbursement request is recorded on the history page and, in addition, is communicated via email to the individual assigned as the contact person on the disbursement request form. Depending on certain attributes of the transaction, the System will dynamically display the appropriate request form (i.e., if the transaction is a foreign currency deal, if the transaction contains local cost, etc.). In addition, the System will automatically display certain fields that are “view-only.” This is data that Ex-Im Bank is able to pre-populate based on transaction details stored in our transaction processing systems. These fields are included in the Transaction Information Section. The MT Exposure Fee rate is also pre-populated for transactions under the Medium-Term Guarantee program.

The System will default the Contact Information fields based on the contact information submitted with the disbursement request and provide the option for the Lender to update this information. The contact person will receive all email correspondence distributed by the System in reference to the disbursement request submitted.

Lastly, where noted, the System will require at least one invoice entry to be included with a disbursement request as well as any required field will be designed with an asterisk (*). For transactions where the Exposure Fee was paid up front and not financed, the System will not require the Lender to input the Exposure Fee amount and Date Exposure Fee paid. This information is known by the System because it is data that is collected prior to disbursement and subsequently stored in Ex-Im Online.

To better understand what is being communicated in the following pages, see below for a list of acronyms and their corresponding definition:

• MT – Medium-Term

• MTG – Medium Term Guarantee

• IDC – Interest During Construction

• FC – Foreign Currency

• USD – U.S. Dollar

• EOL – Ex-Im Online

The following section provides workflow diagrams, which define the process that will lead the System to determine which form should be presented to the Lender. In order to better illustrate the data collected for each form, a matrix has been included to show the data elements captured for each variation of the disbursement request form. In addition, Section III includes sample screenshots of each request form with the appropriate reference to a particular workflow process (i.e. A. Disbursement Request Form – MT Guarantee (US Cost) corresponds to MT Guarantee – US Cost Workflow “Form A reference” and “Form A” on the matrix).

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2. Disbursement Request Forms - Workflow

1. Workflow processes

The workflow diagrams illustrate the System processes that occur when identifying which disbursement request form to display to the lender. Section III provides sample screenshots which correspond to an “end state” outlined through the workflow as well as a column in the data matrix outlining the specific elements displayed on a particular form (see section II B.)

MT Guarantee – US Cost Workflow

MT Guarantee - Local Cost Workflow

MT Guarantee - IDC Workflow

3. Data displayed with each disbursement request form

3. Accessing a Transaction

Once logged into ExIm Online, the System will present the Lender with a menu of options asking the Lender, “What do you want to do today?” On the left hand side, the Lender will select “Manage – Request a Disbursement Approval” (see below).

From this screen, the System will ask the Lender what action they want to take and the Lender will select to “Start a New Request”.

Once this option is selected, the System will display a listing of transactions associated to the Lender. Based on the transaction selected, the System will display the appropriate disbursement request screens which are included in Section III of this document.

3. Disbursement Request Forms – Sample Forms

1. Disbursement Request Form – MT Guarantee (US Cost)

3. Disbursement Request Form – MT Guarantee (Local Cost)

3. Disbursement Request Form – MT Guarantee (IDC)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed US Cost)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed Local Cost)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Fixed IDC)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating US Cost)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating Local Cost)

3. Disbursement Request Form – MT Guarantee (Foreign Currency – Floating IDC)

3. Disbursement Request Form – MT Guarantee (Delegated Authority US Cost)

3. Disbursement Request Form – MT Guarantee (Delegated Authority Local Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery US Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery Local Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Fixed US Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Fixed Local Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Floating US Cost)

3. Disbursement Request Form – MT Guarantee (Lease Delivery Foreign Currency – Floating Local Cost)

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