Your Trade Financing Partner from Taiwan Joseph Huang

Your Trade Financing Partner from Taiwan Joseph Huang, SVP & General Manager The Export-Import Bank of the Republic of

EXIMBANK IN TAIWAN A government–owned export credit agency, founded in 1979 , according to The Export-Import Bank of the R. O. C Act. The bank’s capital is NT$12 Billion (US$400 Million), appropriated by the National Treasury and under the supervision of Ministry of Finance. . 2

EXIMBANK IN TAIWAN Eximbank specializes in the export credit and insurance business. Based upon the government’s economic and trade policies, Eximbank assists Taiwanese enterprises in expanding their foreign trade and overseas investment. 3

Credit Rating Same as that of the government of the Republic of China from Fitch Ratings Long-Term Foreign Currency IDR：A+ 2. Short- Term Foreign Currency IDR：F 1 3. National Long-Term Rating：AAA(twn) 4. National Short-Term Rating：F 1+(twn) 1. 4

Main Business Items 5 Credit Services Guarantee Services Export Credit Insurance Relending Facility

Relending Facility • Eximbank extends a Revolving Line of Credit to overseas financial institutions（Relending Banks) for relending importers to purchase goods from Taiwan. Relending Bank Importer Eximbank Exporter 6

Outline of the Relending Facility • A revolving line of credit from Eximbank to a foreign bank. • The foreign bank makes a loan to their clients for purchasing goods from Taiwan exporters. • Reimbursement of funds from Eximbank to the foreign bank after delivery of goods by Taiwan exporter. • Repayment by the foreign bank to Eximbank. 7

Outline of the Relending Facility Risk sharing scheme-- Eximbank undertakes the repayment risk of the foreign bank The foreign bank undertakes the repayment risk of the importer 8

Financing Terms and Conditions 1. Eligible goods: sold by Taiwan exporters 2. Currency: US dollars 3. Percentage of Financing: from 85% to 100% of the transaction 4. Interest Rate: floating at 6 -month LIBOR plus a margin 9

Financing Terms and Conditions 5. Tenor : consumer goods: from 6 months to 1 year non-consumer goods: up to 5 years 6. Repayment of Principal: In one lump sum on the maturity date semi-annual installments (tenor > 1 year) 7. Payment of Interest: interest paid once every 6 months 10

Actual Utilization Procedures Example : L/C Transaction 11

1. application for a line of credit Relending Bank 6. request for disbursement Eximbank 7. repayment 3. application 8. repayment 4. i s sue L/C Exporter Importer 5. negotiation 2. sales contract Commercial Bank 12

Step 1 Application for a Line of Credit Under Relending Facili application Eximbank Relending Bank sending Relending Facility Agreement for countersignature 13

Step 2 sales contract importer 14 exporter

Step 3 Relending Bank Loan Application Importer 15

Step 4 (1 -4) Sight L/C (4 -1) Relending Bank Exporter Negotiation of Shipping Documents (4 -2) Proceeds Shipping Documents (4 -4) Commercial Bank 16 (4 -3)

Step 5 Request for Disbursement Relending Bank Eximbank Disbursement 17

Step 6 Repayment Relending Bank Repayment Importer 18 Eximbank

Disbursement Procedure Conditions Precedent Legal Opinion Appointment & Acceptance Letter of Process Agent authority and specimen signatures book 19

Disbursement Procedure Request for Disbursement 1. Submit a Request for Disbursement 2. All supporting documents a. Non-negotiable Bill(s) of Lading or Airway Bill(s). b. Commercial Invoice(s) c. Exporter's Certificate (optional) d. A brief description of the importer’s history and business activities. 20

Benefits under Relending Facility Taiwan Exporters • getting access to emerging markets • no extra burden on Balance Sheet • no repayment obligation after shipment 21 Foreign Importers • being able to obtain loans with lower interest rate • repayment of loans by installments Foreign Banks (Relending Banks) • favorable funding source • interest income

Relending Banks Eximbank is currently cooperating with 64 banks in 23 countries around the world. 22

Relending Banks in Dominican Republic 1. Banco de Reservas de la Republica Dominicana Mr. Federico Persia Garcia Tel: (809)960 -4210 Email: FPersia@banreservas. com Av. Winston Churchill Esq. Porfirio Herrera, 2 do Piso Santo Domingo, Republica Dominicana 2. Banco Popular Dominicano S. A Ms. Yulianna Gabriela López Guerrero Tel: (809)544 -5500 #7423 Email: Ylopez@bpd. com. do Av. John F. Kennedy #20, Apartado 1441 - Zona Postal 1. Ensanche Miraflores. Santo Domingo, República Dominicana 23

Thank You ! Contact for Eximbank Department of Finance：TEL 886 -2 -2397 -1505 FAX 886 -2 -2341 -2517 E-mail： rfloan@eximbank. com. tw Web: http: //www. eximbank. com. tw