Original disclosure @ IFC website
Updated in EWS Nov 11, 2019
Disclosed by Bank Oct 31, 2019
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The IFC proposed financing will go to support GTLP SCB IV, under the Global Trade Liquidity Program (GTLP), a trade finance program launched in 2009. 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.
The risk category disclosed is FI-3.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Standard Chartered Bank||Parent Company||-|
Standard Chartered Bank
Managing Director, Transaction Banking
+65 6596 4121
8, Marina Boulevard, Level 22 (018981)
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