MULTINATIONAL – Bank One Limited

A Trade Finance (TF) package for Bank One Limited, Mauritius (“Bank One”), comprisingi) 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 project contributes to climate finance, with 8 million USD of the total approved amount dedicated to adaptation.