Title 12, Banks and BankingRelease 119-102

§635t Definitions

Title 12 › CHAPTER 6A — EXPORT-IMPORT BANK OF THE UNITED STATES › SUBCHAPTER III — TIED AID CREDIT EXPORT SUBSIDIES › § 635t

Last updated Aug 21, 2026|Official source

Summary

Defines key words used in this part of the law. "Tied aid credit" is a development loan that requires buyers to buy exports from the lender, is paid from public funds or public-private funds, and has a grant element greater than zero percent as set by the Development Assistance Committee of the Organization for Economic Cooperation and Development. "Government-mixed credits" pair Export-Import Bank support (loans, insurance, or guarantees) with concessional financing or grants from the Agency for International Development. "Public-private cofinancing" mixes official aid or export credit with private commercial credit. "Blending of financings" puts official and private finance together in one package with one set of terms. "Parallel financing" uses those same sources separately, not in one package. "Bank" means the Export-Import Bank of the United States.

Full Legal Text

Title 12, §635t

Banks and Banking, Source: USLM XML via OLRC

For purposes of this subchapter—

(1)the term “tied aid credit” means credit—

(A)which is provided for development aid purposes;

(B)which is tied to the purchase of exports from the country granting the credit;

(C)which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and

(D)which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;

(2)the term “government-mixed credits” means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;

(3)the term “public-private cofinancing” means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;

(4)the term “blending of financings” means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;

(5)the term “parallel financing” means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and

(6)the term “Bank” means the Export-Import Bank of the United States.

Reference

Citations & Metadata

Citation

12 U.S.C. § 635t

Title 12, Banks and Banking

Last Updated

Aug 21, 2026

Release point: 119-102