Medium
and Long- term Export Credit is one of the financing programs offered by
Eximbank to assist exporters in extending medium and long-term supplier’s
credit to foreign buyer for its purchase of machinery, equipment and capital
goods from Taiwan. Under the program, the exporter, who serves as the
applicant, should be covered by the Medium-and Long-Term Deferred Payment
Insurance and should transfer the beneficiary’s right to Eximbank in order to
get funds from Eximbank after delivery of goods. And the foreign buyer will be
granted an installment facility based on competitive interest rate, provided
that the buyer makes a 15% of down payment before shipment and provides
repayment guarantee or letter of credit issued by the bank acceptable to
Eximbank.