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eBond Overview/Under-writing
Jason Wieselman 12/17/14
Continuous Bonds – Indianapolis NFC
ISF Bonds – ISF Mailbox DC
STBs – Port Level Nationwide
Miscellaneous Bonds - Varied
Bonds As They Exist Today
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When did the fi rst eBond discussions take place?
A. 1995 B. 2005 C. 1985
eBond Overview
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C. 1985
eBond Overview
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William Von Raab “Automate or Perish”
1 – Central izat ion
2 – Accountabi l i ty
4 – Port Level Uni formity
CBP GAINS:
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1. The Foundat ion of Broker/Surety relat ionship is bui l t on trust .
2. We are in the business of wr i t ing bonds, not re ject ing them.
3. 95-99% of bonds wi l l fl ow through
UNDERWRITING
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1. Commodity
2. Country of Or igin
3. Penalty Amount
4. Financial Stabi l i ty
Continuous Bonds
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1. St i l l looking for Timel iness & Accuracy
2. ISF Penalty Enforcement on the Hor izon again for May
3. Process Remains the Same (El iminat ion of paper bond copy)
ISF STBS
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1. Penalty Amount
2. HTS #
3. OGA’s
4. AD/CVD
Single Transaction Bonds
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http://www.cbp.gov/trade/trade-community/programs-administration/bonds/ebond/
GO THERE!
CBP eBond Page is Live
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