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Old June 15th, 2017, 03:09 PM
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Default Standard Chartered CDC

My uncle is searching for Press Release of CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia. Can anybody provide link to download Press Release of CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia?
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Old June 15th, 2017, 03:15 PM
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Default Re: Standard Chartered CDC

As you are looking for Press Release of CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia, so here I am giving following:

Press Release of CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia

CDC Group plc ("CDC"), the UK's development finance institution, and Standard
Chartered Bank (“Standard Chartered”) have signed a US$100 million risk participation arrangement that will help increase the availability of trade finance in developing countries, thereby boosting job creation and economic growth.

The agreement – which is expected to generate an estimated incremental trade volume in excess of US$1 billion over the three year life of the transaction – will boost the level of trade finance in some of the poorest countries of Africa and South Asia. Under the agreement, the two institutions will bear the risks of local banks involved in supporting trade flows of Standard Chartered’s clients. The local banks will be able to pass on the benefits of the facility by offering trade finance to their clients who rely on trade for growth and job creation.

The global financial crisis sharply reduced the availability of trade finance in developing economies and CDC and Standard Chartered have been working to promote trade finance arrangements that maintain and expand financing lines, such as letters of credit and bank guarantees.

Press Release of CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia



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