U.S. Code > Title 12 Banks and Banking > CHAPTER 6A—EXPORT-IMPORT BANK OF THE UNITED STATES (§§ 635—635t) > SUBCHAPTER III—TIED AID CREDIT EXPORT SUBSIDIES (§§ 635o—635t) > § 635t. Definitions

§ 635t. Definitions

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.