USDA Modifies Guarantee Fees Rates for the GSM-102 Program

WASHINGTON, Nov. 20, 2013 – 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 Nov. 22, 2013, 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 Nov. 22, 2013, 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# 0046-13, issued May 7, 2013.

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 Nov 22, 2013

Premium per US $100 of coverage
Annual Payment of Principal

Risk Category

Tenor
0
1
2
3
4
5
6
9 months1
0.402
0.431
0.483
0.579
0.750
1.100
1.570
12  Months2
0.423
0.500
0.548
0.724
0.979
1.471
1.770
15 Months3
0.427
0.510
0.623
0.847
1.153
1.835
2.537
18 Months4
0.437
0.531
0.667
0.923
1.274
1.999
2.739
24 Months5
0.464
0.593
0.879
1.267
1.617
2.741
3.684
30 Months6
0.481
0.630
0.961
1.412
2.026
3.053
4.069
36 Months7
0.505
0.686
1.085
1.630
2.370
3.521
4.646
Other
 
 
 
*2.185
**2.279
 

 

 

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
0.353
0.365
0.393
0.407
0.432
0.690
1.065
4 Months8
0.356
0.372
0.409
0.435
0.444
0.735
1.121
6 Months8
0.363
0.387
0.442
0.462
0.521
0.827
1.233
9 Months9
0.372
0.409
0.455
0.539
0.635
0.963
1.402
12 Months10
0.382
0.431
0.520
0.616
0.750
1.100
1.570
15 Months11
0.413
0.477
0.589
0.774
0.973
1.589
2.235
18 Months12
0.423
0.500
0.638
0.860
1.102
1.765
2.451
24 Months13
0.444
0.547
0.775
1.086
1.510
2.351
3.204
30 Months14
0.464
0.593
0.879
1.267
1.797
2.741
3.684
36 Months15
0.485
0.640
0.982
1.448
2.083
3.131
4.165
 

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.