Perspective
16 December 2013
IFC and StanChart sign RMB risk sharing agreement
Region:
Asia-Pacific
The IFC and Standard Chartered Bank (StanChart) have signed a unique risk sharing facility, which will increase the amount of renminbi (RMB) denominated trade finance available to Chinese banks, as well as corporates and businesses in China and across Asia and other emerging markets involved in imports and exports to China.
