GTLP SCB IV

active

 The proposed project, GTLP SCB IV, falls under the Global Trade Liquidity Program (GTLP), an innovative and well-received trade finance program launched in 2009. GTLP has proven to be a highly effective means to channel financing to support Emerging Market (“EM”) trade flows. The program provides liquidity or guarantees thereby helping banks grow their credit limits, manage risk and support trade in EMs. The GTLP SCB IV project is comprised of two distinct projects to be managed separately, 1) a renewal of the existing funded GTLP SCB III facility (“Funded Project”) and 2) a new unfunded GTLP facility to capture SCB’s unfunded transactions in its trade finance asset book (“Unfunded Project”). This SII is for the Funded Project. The Funded Project will downsize the existing GTLP SCB III facility to a total of US$700 million (IFC investment of up to US$350 million) to match expected utilization levels.