One of the financing facility provided by EXIM Bank is buyer credit

One of the financing facility provided by EXIM Bank is buyer credit. Buyer credit is the facility of loan financing that the bank or other financial institution offered to the importer, which is used to fund for purchasing the capital goods or services and other large-scale projects. In international trade, buyer credit can be considered to worthy of use as there are a few of importers willing to pay a large amount of cash for bulk purchase and there are also not much of exporters have the ability to provide such extent the long-term credit to the importers. The institutions that involved by the buyer credit include banks and the export finance institutions, which their jobs is to offer the credit to importers and guarantees the loan which in the country of exporter. This buyer credit is usually used for the large of export business since it related to numerous parties and the legitimacy of cross-border.