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USDA Modifies Guarantee Fees Rates for the GSM-102 Program

WASHINGTON, October 18, 2012 – 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 October 24, 2012, 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 October 24, 2012, 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 notice supersedes PR# 0059-12, issued May 1, 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 October 24, 2012

Premium per US $100 of coverage
Annual Payment of Principal

Risk Category

Tenor

0

1

2

3

4

5

6

9 months1

0.369

0.377

0.397

0.518

0.696

0.936

1.244

12 Months2

0.464

0.474

0.499

0.652

0.875

1.177

1.564

15 Months3

0.502

0.513

0.540

0.705

0.947

1.273

1.692

18 Months4

0.565

0.578

0.608

0.794

1.066

1.434

1.905

24 Months5

0.803

0.820

0.863

1.127

1.513

2.035

2.704

30 Months6

0.998

1.019

1.073

1.401

1.881

2.530

3.362

36 Months7

1.364

1.394

1.467

1.916

2.571

3.459

4.597

Other

     

*1.900

**1.982

   

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

0.160

0.163

0.172

0.225

0.301

0.406

0.539

4 Months8

0.185

0.189

0.199

0.260

0.349

0.469

0.624

6 Months8

0.236

0.241

0.254

0.332

0.445

0.599

0.796

9 Months9

0.281

0.287

0.302

0.394

0.529

0.712

0.946

12 Months10

0.350

0.357

0.376

0.491

0.659

0.887

1.178

15 Months11

0.410

0.419

0.441

0.576

0.773

1.040

1.382

18 Months12

0.488

0.499

0.525

0.686

0.920

1.238

1.645

24 Months13

0.653

0.667

0.702

0.917

1.231

1.655

2.200

30 Months14

0.877

0.896

0.943

1.231

1.653

2.223

2.955

36 Months15

1.146

1.170

1.232

1.609

2.160

2.905

3.861

 

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.

#

FAS-PR-0148-12

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