Export-Import Bank of the U.S. Application for Issuing Bank Credit Limit (IBCL) Under Bank Letter of Credit Policy
Revision of a currently approved collection
No
Regular
11/22/2021
table that charts list comparision
Requested
Previously Approved
36 Months From Approved
05/31/2022
600
600
720
720
0
0
This collection of information is to enable an insured exporter or lender (or broker acting on its behalf) to obtain approval for coverage of the repayment risk of an overseas bank. The information received allows EXIM Bank staff to make a determination of the creditworthiness of the foreign bank and the underlying export sale for EXIM Bank assistance under its programs. This form has been updated to include a new Certification and Notices section as well as a new statement explaining EXIM Bank's limitation on support for goods subject to trade measures or sanctions.
EXIM is requesting the collection of information due to added Section 403 of the EXIM Charter.
US Code:
12 USC 635
Name of Law: Export-Import Bank Act
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:
(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;
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.