Washington - The U.S. Department of Agriculture today announced pending new guarantee fee rates to be charged for coverage under the Commodity Credit Corporation’s Export Credit Guarantee Program (GSM-102). These new guarantee fee rates will apply to applications for payment guarantees and amendment requests received on or after May 10, 2013, 12:01 a.m. (Eastern Time).
The listing of new guarantee fee rates is shown below. These new guarantee fee rates are issued in accordance with 7 C.F.R. Section 1493.70(a) and will be in effect beginning May 10, 2013, until further notice. Program participants are advised that guarantee fee rates may change at any time. Future modifications to guarantee fee rates will be made available on the FAS website.
This schedule supersedes the fee schedule issued Oct. 18, 2012.
For further information or questions, contact the FAS Registrations and Operations Branch at (202) 720-3224 or by email at GSM.Registrations@fas.usda.gov.
New GSM Fee Schedule - Effective May 10, 2013
Premium per US $100 of coverage
Annual Payment of Principal
Risk Category
Tenor
0
1
2
3
4
5
6
9 months1
0.435
0.445
0.468
0.611
0.821
1.104
1.468
12 Months2
0.464
0.474
0.499
0.652
0.875
1.177
1.564
15 Months3
0.602
0.616
0.648
0.846
1.136
1.528
2.030
18 Months4
0.667
0.682
0.717
0.937
1.258
1.692
2.248
24 Months5
0.851
0.869
0.915
1.195
1.604
2.157
2.866
30 Months6
1.148
1.172
1.234
1.611
2.163
2.910
3.866
36 Months7
1.637
1.673
1.760
2.299
3.085
4.151
5.516
Other
*2.185
**2.279
1/Full repayment at 9 months. 2/Full repayment at 12 months. 3/4/5 at 12 months, remaining 1/5 at 15 months. 4/2/3 at 12 months, remaining 1/3 at 18 months. 5/1/2 at 12 months, remaining 1/2 at 24 months. 24-month fee rates also apply for 720-day credit terms. 6/2/5 at 12 months, 2/5 at 24 months, remaining 1/5 at 30 months. 71/3 at 12 months, 1/3 at 24 months, remaining 1/3 at 36 months.
* Fee rate for transactions with Peruvian banks with repayment terms of 15% at 12 months, 40% at 24 months and 45% at 30 months.
** Fee rate for transactions with Indonesian banks with full repayment terms at 18 months.
Premium per US $100 of coverage
Semi-Annual Payment of Principal
Risk Category
Tenor
0
1
2
3
4
5
6
90 Days8
0.182
0.186
0.196
0.257
0.343
0.463
0.614
4 Months8
0.211
0.215
0.227
0.296
0.398
0.535
0.716
6 Months8
0.236
0.241
0.254
0.332
0.445
0.599
0.796
9 Months9
0.323
0.330
0.347
0.453
0.608
0.819
1.088
12 Months10
0.350
0.357
0.376
0.491
0.659
0.887
1.178
15 Months11
0.492
0.503
0.529
0.691
0.928
1.248
1.658
18 Months12
0.561
0.574
0.604
0.789
1.058
1.424
1.892
24 Months13
0.686
0.700
0.737
0.963
1.293
1.738
2.310
30 Months14
1.009
1.030
1.084
1.416
1.901
2.556
3.398
36 Months15
1.318
1.346
1.417
1.850
2.484
3.341
4.440
8/Full repayment at 90 days and 4, 6 months. 9/2/3 at 6 months, remaining 1/3 at 9 months. 10/1/2 at 6 months, remaining 1/2 at 12 months. 11/2/5 at 6 months, 2/5 at 12 months, remaining 1/5 at 15 months. 12/1/3 at 6 months, 1/3 at 12 months, remaining 1/3 at 18 months. 13/1/4 at 6 months, 1/4 at 12 months, 1/4 at 18 months, remaining 1/4 at 24 months. 24-month fee rates also apply for 720-day credit terms. 14/1/5 at 6 months, 1/5 at 12 months, 1/5 at 18 months, 1/5 at 24 months, remaining 1/5 at 30 months. 15/1/6 at 6 months, 1/6 at 12 months, 1/6 at 18 months, 1/6 at 24 months, 1/6 at 30 months, remaining 1/6 at 36 months.
Source: U.S. Department of Agriculture Foreign Agricultural Service
