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DCM SRT Azteca

Sector: Commercial • Location: Mexico

Source: International Finance Corporation (IFC)

Project
Pending

The proposed investment consists of a Synthetic Risk Transfer (SRT) in which IFC will provide to Banco Santander Mexico S.A. (“Santander Mexico” or “the Bank”), an unfunded guarantee on credit losses for up to MXN2,036 million (US$120 million equivalent), representing the mezzanine tranche of a MXN36.4 billion (US$1.9 billion equivalent) reference portfolio from the Bank’s eligible credit exposure

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Project Information

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The project “DCM SRT Azteca” is an infrastructure initiative in the Commercial sector, located in Mexico. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

pending

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Description

Description

The proposed investment consists of a Synthetic Risk Transfer (SRT) in which IFC will provide to Banco Santander Mexico S.A. (“Santander Mexico” or “the Bank”), an unfunded guarantee on credit losses for up to MXN2,036 million (US$120 million equivalent), representing the mezzanine tranche of a MXN36.4 billion (US$1.9 billion equivalent) reference portfolio from the Bank’s eligible credit exposures.IFC’s guarantee will enable the Bank to use the regulatory capital freed up through the reference portfolio to generate more risk-weighted assets and support its SMEs origination lending activities (the “Project”). 

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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