According to the Bank’s website, the proposed project consists of a risk-sharing facility in which IFC will provide Standard Chartered an unfunded guarantee of up to US$250 million in respect of a portfolio of short-term eligible assets held for regulatory and liquidity purposes due to Standard Chartered’s presence in India (the “Indian Portfolio”). The proposed project seeks to enable Standard Chartered to reduce the regulatory risk weights attached to the Indian Portfolio and consequently free up capital and risk-weighted assets which will allow Standard Chartered to redeploy such capital and risk-weighted assets to provide African short-term loans and trade finance to corporate, commercial, institutional and banking clients through its banking network.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Standard Chartered Plc
Puay Tin Teo
Global Head of Distribution, Corporate Portfolio Management
Marina Bay Financial Center, Tower 1, Level 22, 8 Marina Boulevard, Singapore 018981
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