1. Jack Huang Executive Vice President The Export-Import Bank of ROC 中國輸出入銀行 副總經理 黃頌斌 2014.5.22 1 Facilitating Trade between Taiwan and Mongolia via Taiwan Eximbank

2. Eximbank of the Republic of China 2 Owned by government Specialized financial institution Founded in 1979

3. Eximbank of the Republic of China 3 economic financial trade policies Eximbank

4. 4 Short-Term Export Credit - L/C, D/P, D/A, O/A Medium and Long-Term Export Credit Eximbank of the Republic of China Financing

5. 5 Medium and Long-Term Import Credit Oversea Investment Credit Eximbank of the Republic of China Financing

6. 6 L/C Export Credit Insurance D/P, D/A Export Credit Insurance Eximbank of the Republic of China Export Credit Insurance O/A Export Credit Insurance

7. 7 Medium and Long-Term Deferred Payment Export Credit Insurance Medium and Long-Term Deferred Payment Export Credit Insurance Overseas Investment Insurance Eximbank of the Republic of China Export Credit Insurance

8. 8 Eximbank of the Republic of China Export Credit Insurance Buyer bankruptcy or insolvency Buyer delayed payment (Protracted Default) Buyer refusal to accept the goods Commercial Risks Political Risks Cancellation of export or import licenses and permits Non-conversion of currency or inability to transfer funds Loss incurred by war, revolution, riot, internal unrest or rebellion in the buyer’s country or area.

9. 9 Eximbank of the Republic of China Relending Facility

10. 10 Eximbank of the Republic of China 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 exporters. Repayment by the foreign bank to Eximbank.

11. 11 Eximbank of the Republic of China Relending Facility Risk sharing scheme-- Eximbank undertakes the repayment risk of the foreign bank The foreign bank undertakes the repayment risk of the importer

12. 12 Eximbank of the Republic of China Relending Facility Eligible goods： Eligible goods： goods sold by Taiwan exporters. Currency： Currency：US dollars Percentage of Financing： Percentage of Financing： up to 85% -100% of the transaction Interest Rate： Interest Rate： floating at 6-M LIBOR plus a margin

13. 13 Eximbank of the Republic of China Relending Facility Tenor : Tenor : consumer goods: from 6 mo. up to 1 yr non-consumer goods: up to 5 yrs Repayment of Principal： Repayment of Principal： In one lump sum on the maturity date semi-annual installments (tenor >1 yr) Payment of Interest： Payment of Interest： interest paid every 6 months

14. Relending Bank Eximbank 2. sales contract 4. issue L/C 3. application 5. negotiation 8.repayment 6.request for disbursement 1.application for a line of credit Importer Exporter Commercial Bank Commercial Bank Flow Chart Ex-- L/C 14 7. repayment

15. getting access to emerging markets no extra burden on Balance Sheet no repayment obligation after shipment being able to obtain loans with lower interest rate repayment of loans by installments favorable funding source interest income Eximbank of the Republic of China Relending Facility Benefits under Relending Facility 15

16. 16 Eximbank of the Republic of China Relending Facility

17. Eximbank of the Republic of China Relending Facility State Bank of Mongolia Khan Bank LLC Golomt Bank of Mongolia Trade & Development Bank of Mongolia Eximbank 17

18. Thank you. 18