According to the bank's website, "The Fund needs to keep ~10% cash as collateral for the EUR/USD hedging through ABN AMRO Clearing Bank. The objective of the FMO guarantee (on behalf of the Fund, in favor of ABN AMRO Clearing Bank) is to replace 50% of that ~10% cash-buffer by a AAA-guarantee to allow the Fund to use that cash for participations in FMO loans."
No contact information provided at time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism