The proposed project consists of a Synthetic Risk Transfer Transaction in which IFC will provide to BNP Paribas S.A. an unfunded guarantee on credit losses up to US$50 million of the mezzanine tranche of a US$1 billion revolving reference portfolio from the Bank's eligible trade finance and corporate loan-related credit exposures. This will be IFC?s first SRT with BNP Paribas and BNP Paribas first SRT covering Emerging Markets assets. The proposed project will enable BNP Paribas to reduce the regulatory risk weights attached to its EM portfolio, thereby freeing up capital which the Bank will deploy to provide more emerging markets related trade finance.
IFC Risk Rating: FI-2
BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The BNP Paribas Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval BNP Paribas ; Investment & Protection Services for savings, investment and protection solutions ; and Corporate & Institutional Banking, focused on corporate and institutional clients.
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BNP Paribas S.A.
Media Relations Manager
+33 6 07 06 08 55
16, Boulevard des Italiens, 75009 Paris, France
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