Standard Chartered Bank Trade Finance Risk Sharing Facility (IFC-40541)

Regions
  • World
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
Proposed
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
Mar 14, 2018
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
STANDARD CHARTERED PLC
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.
Ring Fence
  • No Restrictions
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 12, 2018

Disclosed by Bank Feb 2, 2018


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

Project Description

According to IFC's website:

"The project will finance approximately $4.0bn of EM trade finance p.a. and expand trade finance credit to more than 500 companies across countries, over 50% in IDA."

Investment Description

The proposed project will be in an amount up to US$1.0 billion with underlying portfolio of trade finance assets that will be risk-shared by Standard Chartered and IFC on a 50-50% basis.

Financial Intermediary
Financial Intermediary: A commercial 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 Actor Relationship

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actors Description

Headquartered in London, Standard Chartered is a leading international banking group, with more than 80,000 employees, representing 130 nationalities and a 150-year history in some of the world’s most dynamic markets. It is one of the world's most international banks, with over 1,100 branches, offices and outlets in 68 countries across the globe.  The group earns around 90% of its income and profits in Asia, Africa and the Middle East across Corporate, Institutional and Retail banking. As of June 30, 2017, Standard Chartered had total assets of US$ 657 billion, and total equity of US$51.3 billion.

 

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India and ranks among the top 30 companies in the FTSE-100 by market capitalization. As of June 30th, 2017, the major shareholders of Standard Chartered include Temasek Holdings (private) Limited (15.7% stake), Dodge & Cox (5.54% stake), and Blackrock (5.0% stake). All other shareholders own less than 5.0% in the Bank.  The bank’s long-term ratings are A / A1 / A+ with stable outlook.  

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Aboitiz Equity Ventures Inc Parent Company Energy owns Aboitiz Power Corp Client Energy
ACWA Power Parent Company Energy owns ACWA Power Bond Facility 2017 Client Energy
ACWA Power Baraka SAOG Parent Company Energy owns Al Dur 2 Indep Power & Water Client Energy
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Asia Pte Ltd Client Agriculture and Forestry
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Brasil SA Client Agriculture and Forestry
Al Ain Hldg Llc Parent Company Agriculture and Forestry owns Al Dahra Holding Llc Client Agriculture and Forestry
ASM International NV Parent Company Construction owns ASM Pacific Technology Ltd Client Construction
Aspen Pharmacare Holdings Ltd Parent Company Education and Health owns Aspen Asia Pacific Pty Ltd Client Education and Health
Atlas Copco AB Parent Company Construction owns Atlas Copco-Mining & Civil Bus Client Construction
Ausdrill Ltd Parent Company Construction owns Ausdrill Finance Pty Ltd Client Construction
B.Grimm Power PCL Parent Company Energy owns Phu Yen TTP JSC Client Energy
Baring Private Equity Partners Parent Company Construction owns Interplex Holdings Ltd Client Construction
Beijing Automotive Grp Co Ltd Parent Company Construction owns Inalfa Roof Systems Group BV Client Construction
Broadcom Inc Parent Company Communications owns Broadcom Corp Client Communications
Bunge Ltd Parent Company Agriculture and Forestry owns Bunge Finance Europe Client Agriculture and Forestry
Carl-Zeiss-Stiftung Parent Company Construction owns Schott AG Client Construction
Carlsberg A/S Parent Company Agriculture and Forestry owns Carlsberg Breweries A/S Client Agriculture and Forestry
Cassa Depositi e Prestiti SpA Parent Company Energy owns Ansaldo Energia SpA Client Energy
China Jushi Co Ltd Parent Company Construction owns Jushi Egypt For Fiberglass Client Construction
China Merchants Group Ltd Parent Company Finance owns China Merchants Finl Leasing Client Finance
China Three Gorges Corporation Parent Company Energy owns China Three Gorges Corporation Refinancing 2019 Client Energy
China Three Gorges Renewables Group Parent Company Energy owns China Three Gorges Corporation Refinancing 2020 Client Energy
CLP Hldg Ltd Parent Company Energy owns Castle Peak Power Co Ltd Client Energy
CNH Industrial NV Parent Company Construction owns CNH Global NV Client Construction
Co-operative Bulk Handling Ltd Parent Company Agriculture and Forestry owns CBH Grain Pty Ltd Client Agriculture and Forestry
Coca-Cola HBC AG Parent Company Agriculture and Forestry owns Coca Cola HBC Finance BV Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns COFCO (Hong Kong) Ltd Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns Nidera BV Client Agriculture and Forestry
CQ Pharm Hldg Co Ltd Parent Company Education and Health owns Chongqing Pharm (Grp) Co Ltd Client Education and Health
Daelim Corp Parent Company Energy owns Daeham Wind Power Client Energy
Dangote Industries Ltd Parent Company Energy owns Dangote Power Plant Client Energy
Dubai Electricity & Water Parent Company Energy owns DEWA Concentrated Solar Power Client Energy
Dubai Electricity & Water Parent Company Construction owns Emirates Centl Cooling Sys Client Construction
ECOM Agroindustrial Corp Ltd Parent Company Agriculture and Forestry owns ECOM Agroindustrial Asia Ltd Client Agriculture and Forestry
EDF Parent Company Energy owns EDF Bond Facility 2019 Client Energy
EDF SA Parent Company Energy owns Fecamp Offshore Wind Farm Client Energy
Emerging Africa Infrastructure Fund Parent Company Energy owns Emerging Africa Infrastructure Fund Debt Funding 2018 Client Energy
Engie SA Parent Company Energy owns Minejesa Capital BV Client Energy
First Pacific Co Ltd Parent Company Energy owns PacificLight Power Pte Ltd Client Energy
Fortune Oriental Co Ltd Parent Company Communications owns Infomedia Inc Client Communications
Gardner Denver Holdings Inc Parent Company Construction owns Gardner Denver Inc Client Construction
Garfield Weston Foundation Parent Company Agriculture and Forestry owns Associated British Foods PLC Client Agriculture and Forestry
GDC Transition Co Parent Company Construction owns Guardian Industries Corp Client Construction
GlaxoSmithKline PLC Parent Company Education and Health owns SmithKline Beckman Corp Client Education and Health
Gold Best Holdings Ltd Parent Company Agriculture and Forestry owns Vantage Dragon Ltd Client Agriculture and Forestry
Grasim Industries Ltd Parent Company Construction owns UltraTech Cement Ltd Client Construction
Gs Engineering & Constr Corp Parent Company Construction owns GS Saigon Dvlp One-Member LLC Client Construction
Gulf Energy Development PCL Parent Company Energy owns GTN2 Client Energy
Hon Hai Precision Ind Co Ltd Parent Company Communications owns FIT Hon Teng Ltd Client Communications
HSBC Holdings PLC Parent Company Energy owns Canvest Envi Protection Grp Client Energy
Indonesia Republic Parent Company Energy owns Perusahaan Listrik Negara PT Client Energy
Ingersoll Rand Inc Parent Company Construction owns Gardner Denver Inc Client Construction
Ingersoll-Rand PLC Parent Company Construction owns Ingersoll-Rand Glbl Hldgs Co Client Construction
Japan Tobacco Inc Parent Company Agriculture and Forestry owns Japan Tobacco International SA Client Agriculture and Forestry
Keppel Corp Ltd Parent Company Communications owns Keppel DC Singapore 4 Pte Ltd Client Communications
Kingboard Chem Hldg Ltd (Now Parent Company Agriculture and Forestry owns Kingboard Laminates Hldg Ltd Client Agriculture and Forestry
Koc Holding AS Parent Company Finance owns Yapi ve Kredi Bankasi AS Client Finance
Letterone Holdings SA Parent Company Energy owns RWE Dea UK Holdings Ltd Client Energy
Lone Star Funds Parent Company Finance owns Lone Star Fund X(US)LP Client Finance
Malaysia Parent Company Agriculture and Forestry owns Sime Darby Plantation Sdn Bhd Client Agriculture and Forestry
Marubeni Corp Parent Company Energy owns Meghnaghat Power Co (Phase 2) Client Energy
Merck & Co Inc Parent Company Education and Health owns Merck Sharp & Dohme Corp Client Education and Health
Ministry of Finance Singapore Parent Company Agriculture and Forestry owns Olam International Ltd Client Agriculture and Forestry
Nama Holding JSC Parent Company Energy owns Mazoon Electricity Co Saoc Client Energy
Nama Holding JSC Parent Company Energy owns Oman Elecity Transmission Co Client Energy
North Haven Infrastructure Partners II Parent Company Energy owns NHIP II Additional Facility Client Energy
OSK Holdings Bhd Parent Company Construction owns Yarra Park City Pty Ltd Client Construction
Outwit Investments Ltd Parent Company Education and Health owns China Grand Pharm (HK) Ltd Client Education and Health
Perenti Global Ltd Parent Company Construction owns Perenti Finance Pty Ltd Client Construction
Pfizer Inc Parent Company Education and Health owns Upjohn Inc Client Education and Health
Piramal Enterprises Ltd Parent Company Education and Health owns Piramal Critical Care Ltd Client Education and Health
Qatar National Bank Qpsc Parent Company Finance owns Finansbank AS Client Finance
Ratchaburi Elec Generating Parent Company Energy owns RATCH-Australia Corp Ltd Client Energy
Reliance Industries Parent Company Energy owns Reliance Industries Bond Facility Client Energy
Rolls-Royce Holdings PLC Parent Company Construction owns Rolls-Royce PLC Client Construction
Rural Electrification Corp Parent Company Energy owns REC Bond Facility 2019 - 1 Client Energy
Rural Electrification Corp Parent Company Energy owns REC Bond Facility 2019 - 2 Client Energy
San Miguel Corporation Parent Company Energy owns Acquisition of Masinloc Coal-Fired Power Plant (660MW) Client Energy
San Miguel Corporation Parent Company Energy owns SMC Global Power Bond Facility 2020 Client Energy
Sappi Ltd Parent Company Agriculture and Forestry owns Sappi Papier Holding AG Client Agriculture and Forestry
Saudi Arabia Parent Company Agriculture and Forestry owns Kuwait Food Co Kscp Client Agriculture and Forestry
Saudi Arabia Parent Company Energy owns Saudi Electricity Co SJSC Client Energy
Saudi Electricity Company (SEC) Parent Company Energy owns Saudi Electric Green Bond Facility 2020 Client Energy
Saudi Electricity Company (SEC) Parent Company Energy owns Saudi Electricity Company Green Bond Facility 2020 Client Energy
SDHB Parent Company Construction owns Serba Dinamik Sdn Bhd Client Construction
Serum Institute of India Ltd Parent Company Education and Health owns Bilthoven Biologicals BV Client Education and Health
Shanghai Pharms Hldg Co Ltd Parent Company Education and Health owns Shanghai Pharmaceuticals (HK) Client Education and Health
Top Frontier Holdings Inc Parent Company Agriculture and Forestry owns San Miguel Corp Client Agriculture and Forestry
Top Frontier Holdings Inc Parent Company Energy owns SMC Global Power Holdings Corp Client Energy
Truly Intl Hldg Ltd Parent Company Communications owns Truly Semiconductors Ltd Client Communications
United Arab Emirates Parent Company Energy owns Fujairah Independent Water Client Energy
United Technologies Corp Parent Company Construction owns UTC Climate Controls Client Construction
USI Enterprise Ltd Parent Company Communications owns Universal Global Tech Co Ltd Client Communications
Varroc Engineering Ltd Parent Company Construction owns Varroccorp Hldg Bv Client Construction
Vena Energy Holdings Parent Company Energy owns Vena Energy Shivalik Wind Client Energy
Volkswagen AG Parent Company Construction owns Traton SE Client Construction
Woodbridge Co Ltd Parent Company Communications owns Refinitiv Client Communications
Xinjiang Goldwind Science & Parent Company Energy owns Goldwind Intl Hldg (HK) Co Client Energy
Yinson Holdings Bhd Parent Company Construction owns Yinson Prodn (W Africa) Pte Client Construction

Contact Information

Standard Chartered Bank 
Nicolas Langlois 
Managing Director, Transaction Banking 
+65 6596 4121 
nicolas.langlois@sc.com 
Marina Bay Financial Centre8, Marina Boulevard, Level 22 (018981) 
https://www.sc.com/eng 

 

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/