CCFP BTMU-II (IFC-37699)

Regions
  • East Asia and Pacific
  • South Asia
  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
The Bank of Tokyo-Mitsubishi UFJ, LTD. Singapore Branch
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 25, 2018

Disclosed by Bank Mar 11, 2016

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IFC website, the proposed project involves renewal of the existing unfunded risk sharing facility with BTMU for a trade and commodity finance portfolio of up to US$200 million (with IFC investment of up to US$100 million) aiming at supporting agri, energy and metal sectors. The Project will enable BTMU to continue to fill the gap in financing the commodity trade that keeps critical food, energy and metal product supplies available in emerging markets, including IDA countries in Asia.

The renewed CCFP-BTMU facility is expected to continue having the following development impacts: (i) increased access to finance for trade of critical agriculture, energy and metals trading flows especially during market turbulence; and (ii) demonstration impact on local market development, promoting commodities as an asset class, and encouraging local/reginal banks to participate in funding trade flows hence ultimately supporting growth, revenues and sustaining employment in respective commodity trading countries.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The renewed CCFP-BTMU facility is expected to continue having the following development impacts: (i) increased access to finance for trade of critical agriculture, energy and metals trading flows especially during market turbulence; and (ii) demonstration impact on local market development, promoting commodities as an asset class, and encouraging local/reginal banks to participate in funding trade flows hence ultimately supporting growth, revenues and sustaining employment in respective commodity trading countries.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan and was established in 2006 with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group, one of the largest and most diversified financial groups in Japan.

 

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan and was established in 2006 with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group (“MUFG”), one of the largest and most diversified financial groups in Japan.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Contact: Mr. Sim Chee Meng
Senior Vice President, Head of Commodity Trade Finance
ECA, Commodities & Trade Finance Department
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
Telephone No.: (65) 6231 1472
Email Address: simcm@sg.mufg.jp
9 Ruffles Place, #01-01 Republic Plaza, Singapore 048619

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works