Eligible Interest: The lesser of (1) the interest rate specified between the U.S.Eligible Local Costs Percentage: Up to 50 percent.For transactions with tenor of less than 24 months, 98 percent. Maximum Guarantee Coverage (Principal): For transactions with tenor of 24 months or longer, 100 percent (after deduction of the initial payment).For transactions with tenor less than 24 months, no initial payment is required. Initial Payment: For transactions with tenor of 24 months or longer, 15 percent of the net contract value.Maximum Tenor: 10 years (Maximum tenor allowable will be determined on a case-by-case basis depending on the details of the transaction including, but not limited to, the destination country and the country of the foreign financial institution.).Participants are advised to note the following program parameters and limitations that are referenced in subpart C. New to the Program? Start by submitting the Exporter Qualification Application.
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