Summary of the Meeting of the Board of Directors

October 4, 2012 December 31, 1969

Completed

  • NON-CLASSIFIED ITEMS:
  • OPEN:

  • CLOSED:
    • 1. TRADE FINANCE DIVISION
      COUNTRY: TURKEY - FB 533440
      FOREIGN BUYER/OBLIGOR: Menderes Tekstil Sanayi ve Ticaret A.S.
      PRODUCT: Cotton

  • CLASSIFIED ITEMS: NONE
Certification for Closure of Meeting

I, Lisa V. Terry, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, October 4, 2012, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Lisa V. Terry
Assistant General Counsel

Date Posted
Untitled Document

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
OCTOBER 4, 2012


Item No. 1
COUNTRY TURKEY FB-533440
REQUEST FOR Financial Institution Buyer Credit - Comprehensive/ST,
Insureds: Wells Fargo Bank, N.A., Dallas, TX 75202-2741
Buyers/Obligors: Menderes Tekstil Sanayi ve Ticaret A.S., Izmir, Turkey
End User: Menderes Tekstil Sanayi ve Ticaret A.S., Izmir, Turkey
Guarantor: Ekspo Faktoring A.S., Istanbul, Turkey
Exporter: Cargill Cotton, Cordova, TN and Carolinas Cotton Growers, Garner, NC Supplier: Cargill Cotton, Cordova, TN and Carolinas Cotton Growers, Garner, NC Broker: Export Insurance Agency, Walpole, MA
Products/Use: Cotton
Ex-m Bank Liability (Millions): $5 - $20

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.