MAURITIUS – Bank One Limited

The proposed project is a Trade Finance (TF) package for Bank One Limited, Mauritius. It comprises i) an unfunded Risk Participation Agreement (RPA) of USD 25 million taking multinational risk and ii) a Transaction Guarantee Facility (TG) of USD15 million taking Mauritius risk. The TG facility will allow the Bank to provide, on a transaction basis, up to 100% guarantee to Confirming Banks (CBs) for the non-payment risk arising from the confirmation of trade finance instruments issued by Bank One. The RPA will provide up to 50% guarantee cover, on a portfolio basis, to support trade finance (TF) transactions originated by issuing banks in regional member countries. The ultimate beneficiaries of this project include SME and local corporate clients in Mauritius and across Africa involved in regional and international trade. Climate finance is not attributed to this project.