CCFP BTMU-II (IFC-37699)

Regions
  • East Asia and Pacific
  • South Asia
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
The Bank of Tokyo-Mitsubishi UFJ, LTD. Singapore Branch
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 25, 2018

Disclosed by Bank Mar 11, 2016


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Project Description

According to IFC website, the proposed project involves renewal of the existing unfunded risk sharing facility with BTMU for a trade and commodity finance portfolio of up to US$200 million (with IFC investment of up to US$100 million) aiming at supporting agri, energy and metal sectors. The Project will enable BTMU to continue to fill the gap in financing the commodity trade that keeps critical food, energy and metal product supplies available in emerging markets, including IDA countries in Asia.

The renewed CCFP-BTMU facility is expected to continue having the following development impacts: (i) increased access to finance for trade of critical agriculture, energy and metals trading flows especially during market turbulence; and (ii) demonstration impact on local market development, promoting commodities as an asset class, and encouraging local/reginal banks to participate in funding trade flows hence ultimately supporting growth, revenues and sustaining employment in respective commodity trading countries.

People Affected By This Project

The renewed CCFP-BTMU facility is expected to continue having the following development impacts: (i) increased access to finance for trade of critical agriculture, energy and metals trading flows especially during market turbulence; and (ii) demonstration impact on local market development, promoting commodities as an asset class, and encouraging local/reginal banks to participate in funding trade flows hence ultimately supporting growth, revenues and sustaining employment in respective commodity trading countries.

Investment Description
  • International Finance Corporation (IFC)

The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan and was established in 2006 with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group, one of the largest and most diversified financial groups in Japan.

 

Private Actors

The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan and was established in 2006 with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group (“MUFG”), one of the largest and most diversified financial groups in Japan.

Contact Information

Project Contact: Mr. Sim Chee Meng
Senior Vice President, Head of Commodity Trade Finance
ECA, Commodities & Trade Finance Department
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
Telephone No.: (65) 6231 1472
Email Address: simcm@sg.mufg.jp
9 Ruffles Place, #01-01 Republic Plaza, Singapore 048619

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/