Agency Information Collection Activities: Comment Request, 1859 [2013-00218]

Download as PDF Federal Register / Vol. 78, No. 6 / Wednesday, January 9, 2013 / Notices goods and services. By neutralizing the effect of export credit insurance and guarantees offered by foreign governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and product. This collection of information is used by exporters to convey legal rights to, and describe the duties and obligations that have to be met by their financial institution lender in order to share insurance policy proceeds from Ex-Im Bank approved insurance claims. The changes that were made to this agreement include language clarifications and changes to the descriptions of the rights and obligations of the parties to the agreement. The changes were made to provide clarity and specificity for exporters/lenders based on issues that have arisen through either exporter/ lender inquiries or interpretations made during processing of claims. The language of the existing agreement frequently results in improper documentation by our lender partners which increases claim processing times and causes significant resource burdens to Ex-Im Bank. The language in the existing agreement also creates the potential for fraud, resulting in losses to Ex-Im Bank. Recent changes to the ExIm Bank Charter (12 U.S.C. 635(i)(2)(i) and a–6(b)) mandate that Ex-Im Bank must develop practices to identify, prevent and monitor for potential fraud. Therefore changes to the agreement were required to comply with this mandate and protect the U.S. taxpayer from fraud related loss. In addition, the changes to this agreement protect Ex-Im Bank’s lender partners who are parties to the agreement, allowing us to maintain our relationships with our lender partners, and fulfill our agency mission to finance exports (through our lender partners) and create jobs. Due to the Ex-Im Bank Charter mandate to reduce fraud, the changes in the form need to be immediately disseminated to exporters/lenders so that they can change practices where needed, especially where documentation of export transactions is involved. This application can be viewed at www.exim.gov/pub/pending/EIB9253.PDF the United States, 811 Vermont Ave. NW., Washington, DC 20571. SUPPLEMENTARY INFORMATION: Titles and Form Number: EIB 92–53 Small Business Multi-Buyer Export Credit Insurance Policy Enhanced Assignment of Policy Proceeds. OMB Number: 3048–XXXX. Type of Review: New. Need and Use: The form represents the exporter’s directive to Ex-Im Bank to whom and where the insurance proceeds should be sent, and also describes the duties and obligations that have to be met by the financial institution in order to share in the policy proceeds. The form is typically part of the documentation required by financial institution lenders in order to provide financing of an exporter’s foreign accounts receivable. Foreign accounts receivable insured by Ex-Im Bank represent stronger collateral to secure the financing. By recording which policyholders have completed this form, Ex-Im Bank is able to determine how many of its exporter policyholders require Ex-Im Bank insurance policies to support lender financing. Affected Public: This form affects entities involved in the export of U.S. goods and services. Estimated Respondents per Year: 110. Frequency of Responses: Yearly. Estimated Hours per Response: 15 minutes. Estimated Annual Burden Hours 27.5 hours. Reviewing Time in Hours: 1 hours. Responses per year: 110. Review Time per Year: 110 hours. Average Wages per Hour: $32.50. Average Cost per Year: $3,575.00. Benefits and Overhead: 28%–$1000. Total Government Cost: $4,575.00. The annual cost to the Government would be $4,575.00. Sharon A. Whitt, Agency Clearance Officer. [FR Doc. 2013–00216 Filed 1–8–13; 8:45 am] BILLING CODE 6690–01–P EXPORT-IMPORT BANK [Public Notice 2013–0101] Agency Information Collection Activities: Comment Request srobinson on DSK4SPTVN1PROD with DATES: Comments should be received on or before February 8, 2013 to be assured of consideration. Export-Import Bank of the United States. ACTION: Submission for OMB Review and Comments Request. Comments may be submitted through WWW.Regulations.Gov or mailed to Walter Kosciow, Export Import Bank of Form Title: EIB 92–32 Notification by Insured of Amounts Payable Under Single-Buyer Export Credit Insurance Policy ADDRESSES: VerDate Mar<15>2010 16:39 Jan 08, 2013 Jkt 229001 AGENCY: PO 00000 Frm 00036 Fmt 4703 Sfmt 9990 1859 The Export-Import Bank of the United States (Ex-Im Bank), as a part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995. This form represents the exporter’s directive to Ex-Im Bank to whom and where the insurance proceeds should be sent. The forms are typically part of the documentation required by financial institution lenders in order to provide financing of an exporter’s foreign accounts receivable. Foreign accounts receivable insured by Ex-Im Bank represent stronger collateral to secure the financing. By recording which policyholders have completed this form, Ex-Im Bank is able to determine how many of its exporter policyholders require Ex-Im Bank insurance policies to support lender financing. The application can be reviewed at: www.exim.gov/pub/pending/eib9232.pdf Single Buyer Export Credit Insurance Policy. SUMMARY: Comments should be received on or before March 11, 2013 to be assured of consideration. DATES: Comments maybe submitted electronically on www.regulations.gov or by mail to Arnold Chow, ExportImport Bank of the United States, 811 Vermont Ave. NW., Washington, DC 20571. ADDRESSES: SUPPLEMENTARY INFORMATION: Titles and Form Number: EIB 92–32 Single Buyer Export Credit Insurance Policy. OMB Number: 3048–XXXX. Type of Review: New. Need and Use: The information requested enables the applicant to provide Ex-Im Bank with the information necessary to obtain legislatively required assurance of repayment and fulfills other statutory requirements. Annual Number of Respondents: 150. Estimated Time per Respondent: 1 hour. Frequency of Reporting or Use: Annually. Government Review Time: 1 hour. Total Hours: 150 hours. Cost to the Government: $16,320. Sharon A. Whitt, Agency Clearance Officer. [FR Doc. 2013–00218 Filed 1–8–13; 8:45 am] BILLING CODE 6690–01–P E:\FR\FM\09JAN1.SGM 09JAN1

Agencies

[Federal Register Volume 78, Number 6 (Wednesday, January 9, 2013)]
[Notices]
[Page 1859]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-00218]


-----------------------------------------------------------------------

EXPORT-IMPORT BANK

[Public Notice 2013-0101]


Agency Information Collection Activities: Comment Request

AGENCY: Export-Import Bank of the United States.

ACTION: Submission for OMB Review and Comments Request.

-----------------------------------------------------------------------

    Form Title: EIB 92-32 Notification by Insured of Amounts Payable 
Under Single-Buyer Export Credit Insurance Policy
SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as a 
part of its continuing effort to reduce paperwork and respondent 
burden, invites the general public and other Federal Agencies to 
comment on the proposed information collection, as required by the 
Paperwork Reduction Act of 1995.
    This form represents the exporter's directive to Ex-Im Bank to whom 
and where the insurance proceeds should be sent. The forms are 
typically part of the documentation required by financial institution 
lenders in order to provide financing of an exporter's foreign accounts 
receivable. Foreign accounts receivable insured by Ex-Im Bank represent 
stronger collateral to secure the financing. By recording which 
policyholders have completed this form, Ex-Im Bank is able to determine 
how many of its exporter policyholders require Ex-Im Bank insurance 
policies to support lender financing.
    The application can be reviewed at: www.exim.gov/pub/pending/eib92-32.pdf Single Buyer Export Credit Insurance Policy.

DATES: Comments should be received on or before March 11, 2013 to be 
assured of consideration.

ADDRESSES: Comments maybe submitted electronically on 
www.regulations.gov or by mail to Arnold Chow, Export-Import Bank of 
the United States, 811 Vermont Ave. NW., Washington, DC 20571.

SUPPLEMENTARY INFORMATION: 
    Titles and Form Number: EIB 92-32 Single Buyer Export Credit 
Insurance Policy.
    OMB Number: 3048-XXXX.
    Type of Review: New.
    Need and Use: The information requested enables the applicant to 
provide Ex-Im Bank with the information necessary to obtain 
legislatively required assurance of repayment and fulfills other 
statutory requirements.
    Annual Number of Respondents: 150.
    Estimated Time per Respondent: 1 hour.
    Frequency of Reporting or Use: Annually.
    Government Review Time: 1 hour.
    Total Hours: 150 hours.
    Cost to the Government: $16,320.

Sharon A. Whitt,
Agency Clearance Officer.
[FR Doc. 2013-00218 Filed 1-8-13; 8:45 am]
BILLING CODE 6690-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.