What is Export-Import Bank of the US in SAP SD-FT - Foreign Trade?

SAP Term: Export-Import Bank of the US

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An agency of the United States government that arranges for guaranteed credit for export shipments.

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• Key Concepts: 
  The Export-Import Bank of the US (Ex-Im Bank) is an independent federal agency that provides financing to support the export of US goods and services. It is part of the SAP SD-FT Foreign Trade component, which provides a comprehensive set of tools for managing international trade transactions. The Ex-Im Bank helps US exporters by providing loans, guarantees, and insurance to foreign buyers of US goods and services. 
  
  How to use it: 
  The Ex-Im Bank can be used to facilitate international trade transactions. It can provide financing for exports, as well as insurance and guarantees for foreign buyers. The Ex-Im Bank also offers a variety of other services, such as export credit insurance, working capital guarantees, and export credit lines. 
  
  Tips & Tricks: 
  When using the Ex-Im Bank, it is important to understand the terms and conditions of the loan or guarantee. It is also important to understand the risks associated with international trade transactions. 
  
  Related Information: 
  For more information about the Ex-Im Bank and its services, visit its website at https://www.exim.gov/. For more information about SAP SD-FT Foreign Trade, visit the SAP Help Portal at https://help.sap.com/viewer/product/SAP_SD_FT_FOREIGN_TRADE/latest/en-US.