Crédit Ag sheds EM loan risk to IFC, makes social loan promise

The International Finance Corp and Crédit Agricole CIB have engaged in their second synthetic risk transfer (SRT) transaction. It continues the work both institutions have been doing to interweave such deals with socially responsible purposes.

  • By Jon Hay
  • 15 Mar 2018

The transaction is essentially a synthetic securitization of a $2bn portfolio that constitutes substantially all of CA CIB’s emerging market trade finance loans. Some emerging market corporate loans are also included.

There is no special purpose vehicle or sale of assets. The IFC provides a guarantee for an ...

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