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ATFP shall conduct its operations through credit facilities extended to
public and private sector banks and financial institutions designated as "National Agencies".
ATFP and the National Agency enter into credit facility agreement specifying the legal rights
and obligations of both Parties. This agreement shall constitute the main reference of the legal
relationship between both parties. These credit facilities shall be utilized by the National
Agency in conformity with the manner agreed upon between ATFP and the National Agency.
The exporters or importers eligible for ATFP financing may utilize the facilities
of ATFP by contacting any of the National Agencies of the Program which would in turn apply to ATFP
for financing the credit allocated to the customer.
ATFP provides its facilities at competitive pricing and the tenors of the credit
facilities are convenient and are guided by the type of the commodity involved in the transaction; as such:
- Maximum tenor is 12 months for consumer goods
- Maximum tenor is 18 months for raw materials
- Maximum tenor is 24 months for intermediary goods
- Maximum tenor is 60 months for capital goods
ATFP offers its financing facilities in relation to various types of credits extended
by the National Agency to the exporter or importer in an eligible transaction and this may include:
- Pre-export credits
- Post-export credits
- Buyers’ credits
- Import credits
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