The Arrangement on Guidelines for Officially Supported Export Credits [electronic resource] / Organisation for Economic Co-operation and Development

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development.

Language:

English

Subjects (All):

Trade.

Local Subjects:

Trade.

Physical Description:

1 online resource (67 p.)

Place of Publication:

Paris : OECD Publishing, 1998.

Language Note:

English

Summary:

This is the 1998 Arrangement. The main purpose of the Arrangement is to provide the institutional framework for an orderly export credit market; it aims to prevent an export credit race in which exporting countries compete on the basis of who grants the most favourable financing terms rather than on the basis of the price and quality of the product. The Arrangement sets limits on the terms and conditions for export credits involving credit terms of two years or more - that is, that are insured, guaranteed, extended, refinanced or subsidised by or through export credit agencies. In addition to providing a framework for official export credits, the Arrangement sets out rules for tied aid and for risk-based premium fees. The Arrangement is a gentlemen's agreement; it is not an OECD legal Act. The Participants to the Arrangement are most OECD Member countries

Contents:

INTRODUCTION

CHAPTER I: SCOPE OF THE ARRANGEMENT

-1. PARTICIPATION

2. SCOPE OF APPLICATION

3. SPECIAL SECTORAL APPLICATIONS AND EXCLUSIONS

4. REVIEW

5. WITHDRAWAL

6. MONITORING

CHAPTER II: PROVISIONS FOR EXPORT CREDITS

7. CASH PAYMENTS

8. REPAYMENT TERMS

9. STARTING POINT OF CREDIT

10. MAXIMUM REPAYMENT TERM

11. SPECIAL TERMS FOR POWER PLANT OTHER THAN NUCLEAR POWER PLANT

12. CLASSIFICATION OF COUNTRIES FOR MAXIMUM REPAYMENT TERMS

13. REPAYMENT OF PRINCIPAL

14. PAYMENT OF INTEREST

15. MINIMUM INTEREST RATES

16. CONSTRUCTION OF CIRRs

17. APPLICATION OF CIRRs

18. COSMETIC INTEREST RATES

19. OFFICIAL SUPPORT FOR COSMETIC INTEREST RATES

20. MINIMUM PREMIUM

21. COUNTRY RISK CLASSIFICATION METHODOLOGY

22. MINIMUM PREMIUM BENCHMARKS

23. RELATED CONDITIONS

24. PREMIUM FEEDBACK TOOLS

25. LOCAL COSTS

26. VALIDITY PERIOD FOR EXPORT CREDITS

27. NO DEROGATION ENGAGEMENT FOR EXPORT CREDITS

28. ACTION TO AVOID OR MINIMISE LOSSES

29. MATCHING

CHAPTER III: PROVISIONS FOR TRADE-RELATED AID

30. GENERAL PRINCIPLES FOR TIED AID

31. DEFINITION OF TIED AID

32. FORMS OF TIED AID

33. ASSOCIATED FINANCING

34. COUNTRY ELIGIBILITY FOR TIED AID

35. PROJECT ELIGIBILITY FOR TIED AID

36. EXEMPTIONS FROM ELIGIBILITY RULES

37. DEFINITION OF CONCESSIONALITY LEVEL OF TIED AID

38. CALCULATION OF CONCESSIONALITY LEVEL OF TIED AID

39. VALIDITY PERIOD FOR TIED AID

40. NO DEROGATION ENGAGEMENT FOR TIED AID

41. MATCHING

CHAPTER IV: PROCEDURES

SECTION 1: COMMON PROVISIONS FOR EXPORT CREDITS AND TRADE-RELATED AID

42. COMMITMENT

43. FIRM UNDERTAKING

44. PERIOD FOR REPLIES

45. STANDARD FORM FOR ALL NOTIFICATIONS

46. INFORMATION ON OFFICIAL SUPPORT

SECTION 2: NOTIFICATION PROCEDURES FOR EXPORT CREDITS

47. DEROGATIONS: PRIOR NOTIFICATION WITH DISCUSSION

48. PERMITTED EXCEPTIONS : PRIOR NOTIFICATION WITH DISCUSSION

49. PERMITTED EXCEPTIONS: PRIOR NOTIFICATION WITHOUT DISCUSSION

50. MATCHING OF DEROGATIONS

51. MATCHING OF PERMITTED EXCEPTIONS.

52. MATCHING OF NON-CONFORMING TERMS AND CONDITIONS NOT NOTIFIED

53. MATCHING OF TERMS AND CONDITIONS OFFERED BY A NON-PARTICIPANT

SECTION 3: NOTIFICATION PROCEDURES FOR TRADE-RELATED AID

54. DEROGATIONS: PRIOR NOTIFICATION WITH DISCUSSION

55. PRIOR NOTIFICATION

56. PROMPT NOTIFICATION

57. EXEMPTIONS FOR UNTIED AID

58. EXEMPTIONS FOR TECHNICAL ASSISTANCE AND SMALL PROJECTS

59. TYING STATUS OF AID

60. MATCHING OF PRIOR NOTIFICATIONS

61. MATCHING OF PROMPT NOTIFICATIONS

SECTION 4: CONSULTATION PROCEDURES FOR TRADE-RELATED AID

62. PURPOSE OF CONSULTATIONS

63. SCOPE AND TIMING OF CONSULTATIONS

64. CONSULTATION PROCEDURES FOR LARGE PROJECTS

65. OUTCOME OF CONSULTATIONS

SECTION 5: INFORMATION EXCHANGE PROCEDURES FOR EXPORT CREDITS AND TRADERELATED AID

66. CONTACT POINTS

67. SCOPE OF ENQUIRIES

68. SCOPE OF RESPONSES

69. FACE-TO-FACE CONSULTATIONS

70. COMMON LINES

71. PROCEDURES AND FORMAT OF COMMON LINES

72.PROPOSALS

73. ACCEPTANCE OF COMMON LINES

74. DISAGREEMENT ON COMMON LINES

75. EFFECTIVE DATE OF COMMON LINE

76. VALIDITY OF COMMON LINES

77. DEVIATION FROM A COMMON LINE

SECTION 6: OPERATIONAL PROVISIONS FOR THE COMMUNICATION OF MINIMUM INTEREST RATES (CIRRS)

78. COMMUNICATION OF MINIMUM INTEREST RATES

79. EFFECTIVE DATE FOR APPLICATION OF INTEREST RATES

80. IMMEDIATE CHANGES IN INTEREST RATES

SECTION 7: OPERATIONAL PROVISIONS FOR THE EXCHANGE OF INFORMATION FOR PREMIUM

81. ELECTRONIC EXCHANGE OF INFORMATION FOR PREMIUM (EEI)

SECTION 8: REVIEWS

82. ANNUAL REVIEW

83. REVIEW OF MINIMUM INTEREST RATES

84. REVIEW OF MINIMUM PREMIUM BENCHMARKS AND RELATED ISSUES

CHAPTER V: FUTURE WORK

85. GLOBAL UNTYING

86. MARKET WINDOWS

87. SECTORS

88. DIFFERENCES OF INTERPRETATION

ANNEX I: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR SHIPS

ANNEX II: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR NUCLEAR POWER PLANT

ANNEX III: SECTOR UNDERSTANDING ON EXPORT CREDITS FOR CIVIL AIRCRAFT

APPENDIX I ILLUSTRATIVE LIST

ANNEX IV: STANDARD FORM FOR NOTIFICATIONS

ANNEX V: STANDARD FORM FOR NOTIFICATION OF PERMITTED EXCEPTIONS FROM MINIMUM PREMIUM BENCHMARKS

ANNEX VI: CHECKLIST OF DEVELOPMENTAL QUALITY

ANNEX VII: ELECTRONIC EXCHANGE OF INFORMATION (EEI)

Notes:

Bibliographic Level Mode of Issuance: Monograph

ISBN:

92-64-18987-4