This transaction opens a new export financing request or allows further processing under an existing export finance and can be executed multiple times and serves as a contract editor, in order to

• support users in coordination processes with the participants
• enter Participations and Collateral
• document the results in the application
• and support the credit approval process.

To ensure the progress of negotiations and the status of the approval processes is clearly discernible, an unambiguous contractual status is determined for each export financing transaction. Of all available statuses, a contract in this transaction can have the status of 'Request', 'Offer' or 'Unutilized'. Which data can be changed depends on the status of the contract.

• 'Request' - Initial status for all export financing transactions that have not yet been approved; all fields are open for entries / changes. Borrower and/or exporter can be entered as temporary addresses.

• 'Offer' - The status 'Offer' is set if the bank-internal credit approval process has been completed successfully and the “Date of Approval” has been entered on the “Date Details” panel. Once a credit has been approved, it is no longer possible to add or delete participants. Borrower and/or exporter must be saved as a database address in the application. If risk bearers have been defined as contract participants, they can no longer be deleted. In the status 'Offer', an liability booking entry of the risk shares of the individual risk bearers is carried out if they are considered relevant to the liability (i.e., risk-minimizing or risk-transferring with liability).

• 'Unutilized' - The status 'Unutilized' is set if, in addition to the “Date of Approval”, the “Date of Loan Agreement” and the “Date of Handover Protocol” are also entered on the “Date details” panel. Once this status has been achieved, the dossiers can be finally opened and disbursements made under the dossier.

Frame Agreement

The export financing contract can be associated with a frame agreement. In a frame agreement, agreements are entered into with foreign banks in which the most important terms and conditions for financing the exports are laid down in advance. Under these general conditions, individual business transactions can be financed quickly and without requiring lengthy negotiations.

The benchmarks for a frame agreement are managed in a separate static data system see Maintaining Frame Agreement. When creating an export financing contract, an option is provided to search for existing frame agreements and to select the suitable one.

No additional data or amounts are copied from the frame agreement. Linking to a frame agreement is optional. If the current business transaction is linked to a frame agreement, then the reference to the frame agreement is stored in the contract.

Select it from the menu item [Financing Products -> Export Financing -> Main ->New Request/ Contract Editor].

(Users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu)