(i) either ECA pays the exported capital goods and services in 85 percent of their contract prices and requires the buyer's cash down payment to the exporter equal to 15 percent of the export value, which usually are buyer's own funds or they could be borrowed from a lender on market terms;

(ii) or ECA assignes to the buyer or exporter state guarantee or insurance policy freely transferable. This colatetral covers the repayment (default) risks.

Project finance. can be applied when the investor is not credit-worthy, and it establishes a new, so called, Project Company and applies with financial project including business plan with all required profitability and sensitivity to risks analysis and full complect of required documents. A detailed computed financial risk prior the loan application in these cases is strictly recommended. In addition, IIC may construe a loan application that provides financing of a part of the local country expenses.

Investmen banking means a kind of service to a creditworthy com-pany (or one which has friendly creditworthy company ready to guarantee the project loan) for preparation of a package of documents for loan application, including busimess plan, risk assessmenr, corpo-rate guarantee, etc.

  To contract service & assistance download sample of Letter of Assignment. However,

  we strongly recommend that you read again very carefully all of the above prior to
the start-up - Letter Cоnrtact - the -st mandatory step towards project financing.

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