ADB, Standard Chartered Bank Partner on Supply Chain Finance Programme

Published 

First partnership that directly funds SMEs in Asia

Manila, Philippines – The Asian Development Bank (ADB) today signed an agreement with Standard Chartered Bank (Standard Chartered) to support supply chain financing in Asia, the first partnership of its kind under ADB’s recently launched Supply Chain Finance (SCF) program.
 
The agreement is expected to finance more than $800 million in supply chain transactions, most of which will be directed through small and medium-sized enterprises (SMEs) that are supplying large companies with materials for intermediate and final production, as well as retail sales.
 
Under the agreement, ADB and Standard Chartered will share the risk in the transactions. This will in turn support the development of intra Asia supply chains as well as supply chains between Asia and other regions of the world.

“Market gaps for supply chain finance impede economic growth and job creation, so it’s imperative that ADB get into this space,” said Steven Beck, ADB’s Head of Trade Finance. “ADB is very pleased to sign this agreement with Standard Chartered to close market gaps in support of SME development and job creation in developing Asia.”

Backed by its AAA credit rating, ADB’s SCF program complements its successful Trade Finance Program (TFP). While ADB’s TFP fills market gaps by providing guarantees and loans to banks, the SCF program will take commercial corporate risk and improve liquidity within the supply chains.
 
 “We are delighted to be partnering with ADB for its first supply chain risk-sharing program. This partnership is a testament to our strength in financing trade and our commitment to supporting trade flows – the lifeblood of the global economy,” said Joshua Cohen, Global Head, Liability & RWA Management at Standard Chartered.
 
As part of the Clinton Global Initiative, Standard Chartered has also pledged to increase SME lending by approximately 45% in its footprint markets of Asia, Africa, and the Middle East over the next five years. Today’s announcement builds on its commitment to offer continued flow of credit to SMEs, a sector that’s vital to fuelling economic growth across the Bank’s footprint markets.

Most recent episodes

£15 Billion Stimulus Pumped into UK Economy to Ward Off Recession Fears

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th June...

04:44

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY's distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event, explain...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI's Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI's Editor, Eleanor Hill, to explore the very latest treasury trends - and to discuss how smart treasurers can get ahead of th...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25