场景简介：Proposal for a Flexible Financing Facility for Ordinary Capital Sovereign Guaranteed Loan Operations
This proposal to establish the Flexible Financing Facility (FFF) for Ordinary Capital (OC) Sovereign Guaranteed (SG) loan operations is the result of the Bank’s strategic commitment to meet the changing needs of its clients by providing greater access to a wider array of market-based financial products. This also corresponds to one of the key agendas highlighted in IDB-9, in the Agenda for a Better Bank, through “improvements in what the Bank does by providing innovative products, services and modalities of engaging with clients” . The recent phasing out of the Bank’s pool-based financial products with non-market features, through he Conversion Offer, is a successful example of this commitment . Under the Conversion Offer, Bank borrowers migrated 92% of their Adjustable Rate loan exposures to market-based rates: LIBOR-based, Fixed rates or combination of both (See Annex I).
The foundation of the FFF resides in the consolidation of the existing Single Currency Facility (SCF) and the OC SG loan portion of the new Operational Framework for Lending in Local Currency(LCF) into a single platform for OC SG loans. This unification process will be carried out within Bank’s policies and existing risk management, operational, from a menu of options to tailor the financial terms of their loans and provide flexibilities that borrowers can choose from during the life of the loan. This proposal deals exclusively with the financial terms and conditions of the Bank’s OC SG loans and not with loan pricing issues. This proposal does not apply to Non Sovereign Guaranteed (NSG) loans and SG or NSG Guarantees nor does it apply to the OC portion of the Bank’s “blended” loans , for which lending and operational policies (SCF/LCF) will remain unchanged.