38705 - GTLP SCB III

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Summary of Investment Information

Project Number

38705

Company Name

STANDARD CHARTERED PLC

Date SPI Disclosed

Aug 1, 2016

Country

World Region

Region

Global

Projected Board Date

Sep 30, 2016

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Feb 26, 2017

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Nov 15, 2016
Signed : Nov 22, 2016

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed project, GTLP SCB III, falls under the GTLP program, an innovative and well-received trade finance program launched in 2009. GTLP has proven to be a highly effective means to channel financing to support emerging market trade flows. The program provides liquidity or guarantees thereby helping banks grow their credit limits, manage risk and support trade in the Emerging Markets.
The GTLP SCB III project is a renewal of the existing GTLP SCB Extn, which followed the original GTLP SCB transaction. GTLP SCB III is a funded risk-sharing facility of up to US$1.0 billion, with an IFC investment of up to US$500 million in a portfolio of trade finance assets (the “Project”).

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	500.0
Equity

Development Impact

Increased access to finance: The Project will increase access to finance for Emerging Market importers and exporters. Improved availability of credit is expected to benefit local enterprises (producers and importers, including SMEs) along with value chain and, therefore, support growth, sustain employment and encourage the generation of higher incomes.

Demonstration Effect: The Project will show other market participants the strength of an IFC partnership with a major international bank and Program Partners to support trade finance globally. The Project will have a strong demonstration effect by encouraging greater local/regional bank participation in Emerging Markets trade finance, thereby increasing access to such type of financing for local importers and exporters.

IFC''s additionality is derived from its ability to enable SCB to continue implementing its refocused strategy and supporting EMIBs in Africa, Asia, and MENA, especially as many global banks are retrenching in EMs. IFC''s additionality is also enhanced by engaging mobilization partners, which will allow SCB to maintain or expand trade credit in emerging market countries. SCB''s ability to successfully implement its strategy and grow its trade finance market share in emerging markets at this volatile time through the GTLP SCB III facility will underscore IFC''s counter-cyclical role.

E&S Category Rationale / Risks and Mitigation

This project has been classified as a category FI-3 project according to the IFC’s Sustainability Policy. The applicable requirements for the project include the IFC’s Exclusion List and other eligibility criteria as established by IFC. Each trade pool will be supported by underlying documentation with the designated bank, and the agreement with SCB will specify that the underlying traded goods meet the above applicable requirements and will require the Bank to report on implementation. IFC will also review the details of the underlying trade transactions to confirm their compliance with IFC Exclusion List.

Contacts

For Inquiries About the Project, Contact

Nicolas Langlois
Managing Director, Transaction Banking
Standard Chartered Bank
Marina Bay Financial Centre
8, Marina Boulevard, Level 22 (018981)
Email: mailto:Nicolas.langlois@sc.com
Phone: +65 6596 4121

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Local Access of Project Documentation

Standard Chartered Bank
Marina Bay Financial Centre
8, Marina Boulevard, Level 22 (018981)

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