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MULTINATIONAL - Standard Chartered

Sector: Raw Materials • Location: Multinational

Source: African Development Bank (AfDB)

Project

The project is a USD 50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank (AfDB) and Standard Chartered Bank (SCB). The parties will share the default risk on a portfolio of eligible trade transactions originated by African Issuing Banks (IBs) and indemnified by SCB. AfDB will provide up to 50% guarantee to support trade finance (TF) tr

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Project Information

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The project “MULTINATIONAL - Standard Chartered” is an infrastructure initiative in the Raw Materials sector, located in Multinational. Taiyo aggregates data on it from African Development Bank (AfDB).

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Participants

Sponsoring Agency

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Taiyo status

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Email

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Description

Description

The project is a USD 50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank (AfDB) and Standard Chartered Bank (SCB). The parties will share the default risk on a portfolio of eligible trade transactions originated by African Issuing Banks (IBs) and indemnified by SCB. AfDB will provide up to 50% guarantee to support trade finance (TF) transactions originated by issuing banks in regional member countries (RMC) and up to 75% for transactions originated by IBs in LICs and transition states such as, Uganda, Tanzania, Ethiopia and Togo. The facility will support TF transactions in agriculture, manufacturing and energy. Underlying transactions will have a maximum tenor of 2 years.

Original sub-sector

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Original Currency

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Original budget

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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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Article Published Date

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