Standard Chartered PLC has partnered with Africa Finance Corp. to launch a portfolio-based risk-sharing facility that will help boost trade finance in Africa.
The risk participation program will generate an estimated incremental trade volume of approximately $350 million over the three-year duration of the deal.
The two entities will take up to a 50:50 basis on the underlying portfolio of the trade finance instruments through African issuing banks, according to a StanChart statement.
