PROJECT

Projects

Summary of Investment Information

Project Number

46881

Company Name

RSF BNPP SRT

Date SPI Disclosed

Dec 8, 2022

Country

World Region

Region

Global

Projected Board Date

Dec 22, 2022

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Products Clients and Innovation

Industry

Financial Markets

Previous Events

Approved : Dec 22, 2022
Signed : Dec 29, 2022

Sector

Commercial Banking - General

Project Description

The proposed project consists of a Synthetic Risk Transfer Transaction (?SRT?) in which IFC will provide to BNP Paribas S.A. (?BNP Paribas? or ?the Bank?) an unfunded guarantee on credit losses up to US$50 million of the mezzanine tranche of a US$1 billion revolving reference portfolio from the Bank?s eligible trade finance and corporate loan-related credit exposures. This will be IFC?s first SRT with BNP Paribas and BNP Paribas first SRT covering Emerging Markets (?EM?) assets. The proposed project will enable BNP Paribas to reduce the regulatory risk weights attached to its EM portfolio, thereby freeing up capital which the Bank will deploy to provide more emerging markets related trade finance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation