Company Profile:
Business Nature: Policy-based Financial Institution (Government Agency)
Company Overview:
The Export-Import Bank of the Republic of China (E.C.I.C.), also known as the Eximbank of Taiwan, is a specialized financial institution established by the government. It is neither a manufacturing factory nor a traditional commercial trading company. Its primary mission is to provide financial support and insurance services to facilitate Taiwan's foreign trade and international investment.
Key Functions:
1. Export Financing: Providing medium and long-term loans for the export of capital goods.
2. Export Credit Insurance: Protecting exporters against the risk of non-payment by foreign buyers.
3. Investment Financing and Insurance: Supporting Taiwanese enterprises in their overseas investment projects.
4. Guarantee Services: Offering performance bonds and financial guarantees to assist domestic companies in winning international contracts.
Conclusion:
E.C.I.C. operates as a state-owned policy bank. It acts as a facilitator and financial partner for Taiwan-based businesses engaged in international trade, rather than participating in the production of goods or the buying and selling of commodities as a trading company would.
Enterprise Products
Note: E.C.I.C. stands for Export Credit Insurance Corporation, which is a division or function operated by the Export-Import Bank of the Republic of China (Taiwan). They do not manufacture physical goods; instead, they provide financial products and insurance services to support international trade.
Product and Service Portfolio:
1. Export Credit Insurance: Protection for exporters against risks of non-payment by foreign buyers due to commercial or political reasons.
2. Export Loans: Financing services provided to exporters to support their production or sales activities.
3. Overseas Investment Credit: Financial support for Taiwanese companies investing in foreign countries.
4. Import Loans: Financing for the importation of essential industrial equipment, raw materials, and key technologies.
5. Guarantees: Issuance of various guarantees, including bid bonds, performance bonds, and advance payment bonds, to support international bidding and trade contracts.
6. Trade Finance Services: Comprehensive financial solutions designed to facilitate cross-border trade transactions.