Export-Import Bank of Trinidad and Tobago
Last updated on 27 Feb 2024

Key facts


A semi-autonomous, government-owned entity providing trade finance and insurance in support of the Trinidad and Tobago exporters.

Exim House
#30 Queens Park West
Port of Spain
Trinidad and Tobago

+1 868 628 2762

www.eximbanktt.com
PUBLIC
1973
Credit rating (sovereign) (S&P)
BBB-
BBB-
Foreign currency
Local currency

Country trade data


2021 top export sectors

Chemicals
48%
Fuels
27%
Metals
11%
Food products
4%
Transportation
4%

2022 export destinations

Americas

65 %

Europe

23 %

Africa

7 %

Asia

5 %

Financing modalities


`
Up to 100%

Products


  • Short-term financing to manufacturers, distributors, and service providers; factoring and discounting
  • Cover: 85%–95% of the invoice value of export sales
  • Loan repayment: Buyer repays Eximbank 100% of the invoice value, and Eximbank fees and interest are extracted with net refunded to the exporter
  • Term: Between 30 and 120 days
  • Currencies: TTD and USD
  • Short-term loans for Trinidadian companies to assist them in the payment of inventory, raw materials, semi-finished, or finished products
  • Cover: 100% of the invoice value
  • Tenor: Between 30 and 270 days
  • Currency: TTD and USD
  • Loans to manufacturers to perform equipment upgrades and improve the quality of their export products or for renovation of their premises
  • Term: 1 to 5 years
  • Repayment terms:
    • Moratorium on principal
    • Monthly payments on principal and interest
    • Monthly interest; principal at maturity 
  • X-loan:
    • Drawn in USD, repayable in TTD
    • Export incentive: Increase in exports can result in reduced interest rates of 25 to 50 basis points, for up to four years
  • Advisory services: Planning for exports, developing a business plan, identifying markets and customers, etc.
  • Forex facility

Policies


  • The agency has USD currency readily available.
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