*EXIM Update..... -------------------------------
Post# of 22940
Posted On: 07/20/2016 12:11:25 PM
*EXIM Update.....
Mark Gotham <windrivermag@gmail.com>
Jul 19 (1 day ago)
to Kevin.Warnke
Dear Mr. Warnke,
Thank you for your response. The firm in question is Trans-Pacific Aerospace Company, Inc. They apparently have qualified for the EXIM China Foreign Loan Program, with an application valued at $85 Mil. My understanding is that with a "Foreign Loan Program", it may "circumvent" the necessity of the "Quorum" due to it essentially being "Co-Endorsed" by the Chinese Government....??
I believe this may be a more specifically defined aspect to my original inquiry. Is there any basis in the EXIM Foreign Loan Program which will effectively by-pass the need for a Congressional Quorum to fund beyond the $10 Mil Cap..??
I very much appreciate your time.
Sincerely,
Mark Gotham
Kevin Warnke
9:01 AM (3 minutes ago)
to me
Mr. Gotham,
To be clear, EXIM cannot directly comment on any specific loan application for business confidentiality reasons.
As stated previously, if a medium- or long-term loan application seeks more than $10 million in financing directly from EXIM, the Bank’s bylaws require that it be approved by its Board of Directors. As you know, the Bank’s Board of Directors currently lacks a quorum needed to conduct business. Until Congress confirms a third Member to the Bank’s Board or alters the quorum requirement, the Board of Directors cannot take action on applications for EXIM financing in excess of $10 million. Participation in a program along the lines you have described would still require Board approval if the financing sought directly from EXIM exceeds $10 million.
I hope this helps.
Best,
Kevin
–
Kevin Warnke | Vice President, Congressional & Intergovernmental Affairs
Export-Import Bank of the United States
811 Vermont Ave. NW | Washington, DC 20571
Thank You Ever So Much....Senator Shelby.......Jack A$$......
I had suggested Multiple Applications for each TPAC Division / Entity.....to IR Manager......Very Possible to Re-Apply Abroad......
Mark Gotham <windrivermag@gmail.com>
Jul 19 (1 day ago)
to Kevin.Warnke
Dear Mr. Warnke,
Thank you for your response. The firm in question is Trans-Pacific Aerospace Company, Inc. They apparently have qualified for the EXIM China Foreign Loan Program, with an application valued at $85 Mil. My understanding is that with a "Foreign Loan Program", it may "circumvent" the necessity of the "Quorum" due to it essentially being "Co-Endorsed" by the Chinese Government....??
I believe this may be a more specifically defined aspect to my original inquiry. Is there any basis in the EXIM Foreign Loan Program which will effectively by-pass the need for a Congressional Quorum to fund beyond the $10 Mil Cap..??
I very much appreciate your time.
Sincerely,
Mark Gotham
Kevin Warnke
9:01 AM (3 minutes ago)
to me
Mr. Gotham,
To be clear, EXIM cannot directly comment on any specific loan application for business confidentiality reasons.
As stated previously, if a medium- or long-term loan application seeks more than $10 million in financing directly from EXIM, the Bank’s bylaws require that it be approved by its Board of Directors. As you know, the Bank’s Board of Directors currently lacks a quorum needed to conduct business. Until Congress confirms a third Member to the Bank’s Board or alters the quorum requirement, the Board of Directors cannot take action on applications for EXIM financing in excess of $10 million. Participation in a program along the lines you have described would still require Board approval if the financing sought directly from EXIM exceeds $10 million.
I hope this helps.
Best,
Kevin
–
Kevin Warnke | Vice President, Congressional & Intergovernmental Affairs
Export-Import Bank of the United States
811 Vermont Ave. NW | Washington, DC 20571
Thank You Ever So Much....Senator Shelby.......Jack A$$......
I had suggested Multiple Applications for each TPAC Division / Entity.....to IR Manager......Very Possible to Re-Apply Abroad......
(5)
(0)Trans-Pacific Aerospace (TPAC) Stock Research Links
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