Frequently Asked Questions

IEEPA stands for the International Emergency Economic Powers Act. Under certain trade policy actions, tariffs imposed under IEEPA authority may become eligible for refund when the underlying executive orders are modified or revoked. These refund claims represent a receivable owed by the U.S. government to the Importer of Record.

IEEPA Exchange is a marketplace that connects importers holding IEEPA tariff refund claims with institutional buyers seeking to purchase those claims. We facilitate the entire process from claim submission and underwriting through buyer matching, negotiation, and closing.

Importers submit their tariff refund claim details to IEEPA Exchange. Our underwriting team reviews and packages the claim, then lists it on the marketplace with an asking price. Qualified institutional buyers browse listings and submit competitive offers. When the seller accepts an offer, a binding term sheet is signed and the deal closes with payment to the seller.

Sellers pay a nominal listing fee when their claim goes live on the marketplace and a commission on the sale price at closing. There are no upfront costs beyond the listing fee, and our team handles all underwriting and marketing of your claim at no additional charge.

Buyer registration and browsing are free. Buyers may be subject to a transaction fee at closing. Contact our team for current fee schedules and terms.

Sellers set their own asking price, typically based on the face value of the refund claim minus a discount. Market dynamics, claim strength, documentation quality, and expected refund timeline all influence pricing. Our underwriting team can advise on competitive pricing strategies.

The underwriting and listing process typically takes 3 to 5 business days. Once listed, most claims receive offers within 1 to 2 weeks. The average time from initial submission to payment is approximately 14 days, though this can vary based on claim complexity and buyer due diligence requirements.

Sellers need to provide entry summaries, proof of duty payment, HTS classification details, commercial invoices, customs broker records, and any government correspondence related to the refund claim. Our team will provide a detailed checklist during onboarding and assist with document collection.

After closing, the seller receives payment for their claim. The buyer assumes ownership of the refund receivable and collects the refund when it is issued by the U.S. government. IEEPA Exchange provides post-closing support to ensure a smooth transfer of claim rights and can assist with government follow-up if needed.

Any Importer of Record with a valid IEEPA tariff refund claim can list on the marketplace. You must be the rightful claimant and have documentation demonstrating duties paid under IEEPA tariff provisions. Our underwriting team will verify eligibility during the review process.

IEEPA Exchange is designed for institutional buyers, including hedge funds, private equity firms, family offices, and other qualified investors. Buyers must complete a registration and qualification process before accessing the marketplace.

Our underwriting team conducts a thorough review of every claim, including verification of customs documentation, duty payment records, HTS classifications, and refund eligibility under the applicable IEEPA provisions. Each approved claim receives a standardized underwriting report that is shared with prospective buyers.