JEREMIE Lithuania Call EOI JER 004-4: Information note to the financial intermediaries

Information Note to the Financial Intermediaries regarding the Call for Expression of Interest No JER-004/4 (Lithuania) for the First Loss Portfolio Guarantee Financial Instrument (launched on 02/09/2010, closed on 13/10/2010) and amended with the Information note published in May 2012:Introduction of revolving credit transactions to the First Loss Portfolio Guarantee Financial Instrument

In order to further facilitate improvements in the access to finance for SMEs, the EIF is to implement further changes to the terms and conditions set in the Call for Expression of Interest JER-004/4 (“Call”).

The SME transactions taking the form of a loan instrument (including for the avoidance of doubt a credit line or an overdraft line of credit) which is utilised on a revolving basis (“Revolving Credit Transaction”) is introduced as part of the Eligible Loans. The minimum maturity of the Revolving Credit Transaction is 12 months with possible extensions up to the earlier of (i) 36 months as from the first day of entry into the Revolving Credit Transaction and (ii) 31 December 2015. The maximum amount of the Revolving Credit Transaction to an individual Eligible SME shall be set by EIF and in such a manner as to allow the Portfolio to be sufficiently diversified. The maximum obligor concentration will be set in no case greater than “de minimis” amount equal to EUR 1,875 million (i.e. EUR 1,5 million divided by the Guarantee Rate).

This product feature was neither a selection nor evaluation criteria impacting the selection process of the Financial Intermediaries. Should you decide that you would like to participate in the Financial Instrument due to the above mentioned changes, please inform EIF by no later than 10/12/2012 by letter. In the event that you had decided not to apply earlier, any letter should provide justification of why this change would have changed your decision in relation to submitting an Expression of Interest for the Call.

The letter shall indicate the reference number of the Call (No. JER-004/4). It should be signed by the duly authorized person(s) and sent to both the following addresses :

Postal Address:

European Investment Fund

Attention: Regional Business Development Unit

96 Boulevard Konrad Adenauer

L-2968 Luxembourg

LUXEMBOURG

and E-mail address: Attention: Regional Business Development Unit, info.rbd@eif.org 

Applications will not be processed if there are no additional funds allocated to the First Loss Portfolio Guarantee Financial Instrument.