How IEEPA Exchange Works

Importers of Record submit company information along with their tariff refund claim details, including HTS codes, duty amounts paid, entry summaries, and supporting customs documentation. Our secure intake process ensures your data is protected from the start.

The IEEPA Exchange underwriting team conducts a thorough review of your claim. We verify documentation, assess the refund probability, and package the claim into a standardized format that institutional buyers expect. This due diligence gives buyers confidence and maximizes your sale price.

Once approved, your claim is listed on the IEEPA Exchange marketplace with a transparent asking price, claim summary, and underwriting report. Your listing is visible to our network of qualified institutional buyers actively seeking trade finance assets.

Qualified buyers, including hedge funds and institutional investors, browse active listings and submit competitive offers on claims that match their investment criteria. Multiple buyers can bid on the same claim, driving competitive pricing for sellers.

The seller reviews incoming offers and accepts the best one. A binding term sheet is executed between buyer and seller, locking in the purchase price and closing terms. IEEPA Exchange facilitates the entire negotiation and documentation process.

The transaction closes and the seller receives payment for their tariff refund claim. The buyer assumes ownership of the claim and collects the refund when issued by the government. IEEPA Exchange earns a commission on the completed transaction.