Ex-Im Bank's financial institution policy holders provide this form to U.S. exporters, who certify to the eligibility of their exports for Ex-Im Bank support. The completed
forms are held by the financial institution policy holders, only to be submitted to Ex-Im Bank in the event of a claim filing. A requirement of Ex-Im Bank's policies is that the insured financial institution policy holder obtains a completed Exporter's Certificate at the time it provides financing for an export. Ex-Im Bank believes that EIB 94-07 is a necessary part of its short term financial institution programs. It is an integral component of the program and is heavily used. Lack of approval for this form would preclude our ability to continue operation of its short term financial institution programs.
US Code:
12 USC 635
Name of Law: Export Import Act
The annual burden for respondents to the Exporterâs Certificate for Use with a Short Term Export Credit Insurance Policy has declined as this information collection is only used by exporters under EXIM Bankâs bank-held insurance policies, as opposed to the previously assumed all short-term insurance policies. Based on activity in the bank-held insurance program over the previous 3 calendar years, the average annual number of respondents would be 240. EXIM Bank has updated its total government cost methodology. As a result of those two changes, the total government cost burden has declined.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.