STICHTING JURIDISCH EIGENDOM FMO PR (FMO-57391)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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.
Voting Date
Nov 13, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
FMO-Privium Impact Fund
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 8.26 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 7.5
Converted using 2019-11-13 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 16, 2020


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Project Description

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."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • ABN AMRO Private Banking -- Parent Company
  • FMO-Privium Impact Fund -- Implementing Company
Contact Information

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