Ex-Im Bank enters agreement with Coface

Regulatory/Trade

Tuesday, October 23, 2012

The U.S. Export-Import Bank entered an agreement with trade credit insurer Coface North America Insurance Co. to provide reinsurance. The bank introduced its reinsurance product two years ago to help U.S. small business exporters obtain short-term export credit. Since then, participating private-sector insurers of export credit are eligible to apply for Ex-Im Bank's reinsurance. Participating insurers use reinsurance to originate and underwrite transactions that other...

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