外国政府贷款(以色列)- Ashra以色列成份新规定

Definitions (3)
“Israeli Content” A percentage or part of a transaction, product or service originated(sourced) in Israel and / or which can be defined as an Israeli content pursuant to the tests detailed in the guidelines. “Transaction Amount” The amount of the transaction (including the advance payment) insured by Ashra.
Israeli Content Concept
Who likes regulation? Worldwide definition Put the focus on “Israeli Goods and Services” – more Israeli content = more business!
Calculation for Products
Clause Type
3.4.1
3.4.2
Product produced entirely in Israel
Made in Israel, according to source of origin guidelines: Directed Products and or Services used to manufacture the product in Israel constitutes at least 35% of the price of the exported product. The inputs imported into Israel for purposes of manufacturing the product undergo significant processing in Israel in such a manner that they alter their characteristics. Significant processing is defined as processing that alters the Customs Item (HS) by a level of 4 digits.
“The New ‘Israeli Content’ Guidelines”
Adi Gross, ASHRA
6/2014
“I prefer talking about this…
but…”
Disclaimer:
In case of any wrong translation or mispronunciation for any information provided in this presentation, the only valid guidelines are the guidelines written in Hebrew dated 28/5/2014
Total $1,750m ex Agri-Protocol ($300m) Above 230 projects (Medical, Telecom, Water
Treatment, Education, Industry)
Financial Protocol
(Btw MOFs)
Israeli BANK
Diversifying the portfolio risks
Establishing new potential markets for exporters
The Process…
Application Assesment: Obligor, Country Internal 1 Committee 2
Getting Credit in developing countries Competing countries against exporters from other
Lowering financing costs
Reducing the exporter’s exposure for political & credit risks
ASHRA Brokers Single Risk Politห้องสมุดไป่ตู้cal
Short Term
Up to 1 year Commodities Mainly Developed ICIC, Clal, Factoring Portfolio Risk Private
Advances of Credit Insurance
Definitions (3)
“Israeli Content” A percentage or part of a transaction, product or service originated(sourced) in Israel and / or which can be defined as an Israeli content pursuant to the tests detailed in the guidelines. “Transaction Amount” The amount of the transaction (including the advance payment) insured by Ashra.
Altern Down atives Payment )15%( A A-1 1 year 2 years Availability (by amount) All projects All projects Interest rate Credit Terms 7 years 7 years 3.2% FIXED %Libor + 0.45
Eligible Transaction
Total Israeli Content – Minimum 30% of the Transaction Amount (Clause 3.1) Total Israeli Content derived from: Direct Products and / or Services – Minimum 25% of the Transaction Amount. (Cl. 3.2) Profit and General Expenses will be recognized up to Maximum 5% of the Transaction Amount. (Cl 3.3)
B
B-1 C C-1
1 year
4 years 1.5 years 4 years
Above $1m
Above $1m Above $5m Above $5m
2.5% FIXED
%Libor + 0.5 3.6% FIXED %Libor + 0.5
10 years
10 years 15 years 15 years
Goal:
Support and Promote Israeli export to China Establishing efficient financial Infrastructures 1995 – 1st Protocol signed ($150m) 2003 – Amendment to 1st Protocol ($200m) 2004 - 2nd Protocol ($200m) 2010 – 3rd Protocol ($400m) 2012 – Expansion no.1 to 3rd Protocol ($400m) 2013 - Expansion no.2 to 3rd Protocol ($400m)
Approval Rec
Interministerial Committee ISL MOF
Reject Rejection Letter
APPROVAL
POLICY
UW: Loan Agreement, Contracts…
Principal Approval
The Financial Protocol
All understand the same and treat the same
Create one stream process A process that can be managed / supervised
Definitions
“Direct Products and / or Services” The price of the product or service in the transaction, including the cost of direct labor and raw materials originated(sourced) in Israel. (the price of the product is the EXW (ex works) price, before the inclusion of other expenses, such as transport, insurance, etc.
What is ECA? (Export Credit Agency)
Expert Insurance Company or Bank
Issue policies and/or guarantees and/or loans Insure against political and commercial risks Government support Aim to support and promote in export
Let’s talk about…
Brief about Ashra and the financial protocol The new Israeli Content Initiative & Concept The new guidelines Calculating Israeli Content – Example
Definitions (2)
“Profit and General Expenses” – Profit from the transaction and indirect production costs originated(sourced) in Israel, including financing costs, management and general expenses, marketing expenses etc.
Framework Agr.
Chinese BANK
How does it work?
IS Seller
Local CH Loan
Individual Loan Ag.
CH Bank
IS Bank
CH Buyer
Commercial Contract
The Banks
Long Term Loan (85%)
Israel Credit Insurance Market
Credit Period Products Countries Main players Policy type Risks
Medium and Long Term 1 year to 15 years Capital Goods Projects Developing
Israeli Content Initiative
Israel Ministry of Finance Israel Ministry of Economy ASHRA
The goal: setting clear, equal and general standard guidelines to increase transparency toward the Israeli Content within Ashra’s approvals, and allow
What are the new challenges?
Q&A
ASHRA: good to know…
Export Credit Agency (ECA) of Israel
Established in 1957 in order to support export Enjoys Governmental Guarantee of USD 2.5bn Export Credit Insurance for MLT and Investments Short term cover in case of market failure Political and Commercial Risks Waiver of capital allocation to banks