![]() ![]() This Privacy Policy applies to all websites operated by Exporta Publishing & Events Ltd (as indicated on the relevant website). This Privacy Policy also tells you how you can verify the accuracy of your personal data and how you can request that we delete or update it. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor your online behaviour to deliver customised advertisements, marketing materials and other tailored services. ![]() This Privacy Policy outlines the information we may collect about you in relation to your use of our websites, events, related publications and services (“personal data”) and how we may use that personal data. The first green trade finance facility under the initiative, which embeds the Loan Market Association green loan principles into the bank’s global trade finance offering, was launched in September 2021, supporting efforts by UAE-based Amplus Energy Solutions to boost its solar power generation business. This is the latest outing for Standard Chartered’s sustainable trade finance proposition in the Middle East and North Africa region. “Furthermore, we are committed to supporting the growth and development of sustainable finance and look forward to witness this innovative solution contributing to the UAE’s net-zero objective.” “We are pleased to offer this innovative receivables financing programme which helps our clients maintain healthy liquidity and cash flow levels that support them in achieving their sustainability objectives,” says Rola Abu Manneh, CEO of Standard Chartered UAE. In 2016, it became the first Gulf Co-operation Council country to sign and ratify the Paris Agreement, and in October 2021, it announced a commitment to achieve net-zero emissions by 2050. The deployment and use of clean energy solutions is one of the main pillars of the UAE’s model of addressing climate change and reducing greenhouse gas emissions. The facility will finance Siemens’ receivables arising from multiple long-term contracts with a large UAE-based company to provide energy-efficiency solutions that target a 10-25% reduction in electricity consumption.Įtihad Credit Insurance (ECI), the UAE’s federal export credit agency and credit insurer, is providing credit protection for the deal. Standard Chartered has set up a sustainable receivables finance facility for Siemens’ United Arab Emirates arm, a deal the bank says represents the region’s first ever financing of this type. Related News Standard Chartered to tokenise trade finance in Singapore digital asset pilot Analysis: Banks face trickier fights against shipowners to recover commodities losses Trafigura attracts new lenders to bumper financing, agrees German strategic commodities deal Standard Chartered eyes bank partnerships to expand reach of trade tracking tool Ghana’s Cocobod PXF closes US$405mn lighter ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |