Credit Agricole CIB Your Partner in Export Finance

Credit Agricole CIB
Your Partner
in
Export Finance
Colombo, July 4th 2013
Franck Passillier
Crédit Agricole CIB Singapore Branch
Your partner in over 50 countries
Contents
2
03
ONE
Export Finance Overview
13
TWO
Crédit Agricole CIB: Your Partner in Export Finance
Global footprint, case studies & track record
23
THREE
Crédit Agricole at a glance
30
FOUR
Contact details
CHAPTER ONE
Export Finance Overview
3
Export Finance – An Efficient Financing Scheme
An Export Credit (also called buyer’s credit) is a loan:
 Covered by an ECA (Export Credit Agency) which brings public support at different levels: (i) an insurance or a
guarantee to the Lending Bank and possibly (ii) a fixed interest rate to the Borrower
 Delivered directly to the Borrower to support the financing of the capital goods & services imported by the Buyer
Lending Bank
etc…
The Lending Bank pays directly the exporting Supplier of equipment and services on behalf of the Buyer
The loan is guaranteed by the ECA of the Supplier’s country against political and commercial risks
4
Export Finance – Main Features (1/2)
ECAs have to comply with the OECD Arrangement that defines the International rules with respect to:
Amount of credit:
▪ Up to 85% of the commercial contract eligible portion (= imported)
▪ Possibility to increase the amount of the export credit (subject to ECA’s approval) to cover:
 goods and services from third countries, and
 part of local portion of the commercial contract of up to 30% of the imported portion
 part or whole of the credit insurance premium, and/or IDC (interest during construction)
▪ Major international currencies available (EURO, USD, JPY, GBP..) and, on a case-bycase basis, the local currency
The financing can be arranged in a different currency than the commercial contract but this
leads to a forex risk during drawing period
Down-payment:
▪ Of not less than 15% of the eligible portion cannot be financed through the buyer’s credit
▪ Possibility to arrange another specific financing (not covered by the ECA) i.e. a tied
commercial loan, a bilateral facility
5
Export Finance – Main Features (2/2)
Tenor and reimbursement:
▪ The Drawing period mirrors the construction / delivery period. For most projects,
drawing periods are usually of 1 to 4 years
▪ The Repayment period depends upon the nature of the capital goods and its
economic life from 5 years for some machine tools up to 18 years for nuclear facilities,
renewable and water projects:
 Telecom: 1 to 2 years construction period + 5 to 8 years of repayment period = 6
to 10 years door-to-door
 Infrastructure: ~ 3-4 years + 8 to 10 years of repayment period = 11 to 14 years
door-to-door
 Power: ~ 3-4 years + repayment period up to 10 years for gas fired plants, 12
years for coal fired plants and 18 years for hydro-power plants
 Nuclear power plants (NPP): ~ 6-7 years of construction period + repayment
period up to 18 years
 Renewable, Water projects: ~ 3-4 years of construction period + repayment
period up to 18 years
6
Export Finance – All-in Cost
Interest rate options:
 Market floating rate + Margin (it can be swapped into a market fixed rate) or
 Commercial Interest Reference Rate (“CIRR”): fixed interest rate set by the
OECD every month + additional Margin applied by the lenders depending on the
ECA involved. Available for main OECD currencies: EUR, USD, GBP, JPY, CHF,
SEK, KRW, AUD…)
 Specific CIRR-rates grid for Renewable Energies & Water Projects with
repayment tenors > 12y to ≤ 18y: vary today between 2.30% to 3.02% in EUR,
2.51% to 3.23% in USD, 1.76% to 2.08% in JPY (+ additional Margin)
http://www.oecd.org/tad/exportcredits/cirrs
CIRR fixed interest rate
For the period 15 June 2013 – 14 July
2013, standard CIRR rate are:
Currency Repayment tenor
<= 5 years
US Dollar > 5 to 8.5 years
> 8.5 years
<= 5 years
Euro
> 5 to 8.5 years
> 8.5 years
<= 5 years
JP Yen > 5 to 8.5 years
> 8.5 years
Rate
1.40%
1.84%
2.31%
1.22%
1.64%
2.10%
1.18%
1.35%
1.56%
Bank remuneration
 Margin
 Fees (commitment fees, arrangement fees) to annualize/average life
 Ancillary costs: agency fees, travel and translation expenses if any
ECA premium
 Defined by the ECA (to be annualized/average life)
 Computation based on: the country (7 risk categories), the status of the borrower (sovereign, public entity, corporate,
bank), the loan maturity and the percentage of cover
Independent consultants fees (Environmental Impact Assessment,…) if required depending on the underlying project
Legal costs (external legal firms – fee cap on a case-by-case basis)
7
Export Finance – Multisource scheme
If the project implies sourcing of equipments from different countries, specific structures are possible:
Reinsurance scheme:
A single ECA covers the total contract/financing while being reinsured by other ECAs (need for reinsurance agreements
between the ECAs involved beforehand):
 One financing document
Co-insurance scheme:
Each ECA covers the portion originating from its own country
 Financing documents consists of:
- As many loan agreements as ECAs involved,
- Usually a Common Terms Agreement (CTA) signed by all parties re. the general terms & conditions applicable to all loans
8
Export Finance – Timeline in parallel with the Commercial Contract
The Export Credit is made to perfectly
match the Commercial Contract’s life
Starting Point of
Repayment
Signature of
Buyer’s Credit facility
Negotiation of the
Buyer’s credit facility
Bond(s) issuing
Delivery of equipment
Or
Provisional acceptance
Delivery of letter
of intent and issuance
of the bid bond
Enforcement of the
Commercial Contract
Bank is
approached to issue
a letter of intent
Signature of the
Commercial Contract
Technical & Commercial
offers are delivered
Tender documents
issued
9
Export Finance – Inflows and Outflows
Inflows = drawings made by the Borrower on the Buyer’s Credit during the drawing period
Depending on the contractual payment terms, drawings can be made on any of the following modes :
 Upon each delivery date (eg. Supply contract with several deliveries)
 At the end of the contract execution
 Upon each milestone execution (eg. EPC contract)
The Starting Point/Date of Repayment and the loan’s maturity are decided by the involved ECA
Outflows = semi-annual equal repayments of principal and payment of interests, starting 6 months after the SPR (possible
tailor-made repayment profile if justified and subject to OECD rules and ECA’s approval)
10
Export Finance – The Process
Full process between 3 and 6 months for a normal transaction; or more depending on the complexity and parties’ performance
Before commercial contract execution, at advanced discussions stage btw Supplier or Buyer to approach the ECA which will
opine on the eligibility of the contract and assess the financing amount & terms on the basis of the contemplated export contract
Full information package usually needed to present the transaction to the ECAs : information on the sponsor, borrower, the
project (economics, technical aspects, environmental impact, cash flow projections and business plan when relevant) for due
diligence purposes
Application Procedure -- Flowchart
11
Project Identification
Indicative offer by CACIB
Working mandate
to CACIB
Filing of application to
ECA
Transaction &
Environmental
Due Diligence
Preliminary Approval
by ECA
Syndication by CACIB
Documentation
Final Approval by
ECA
Financial Closing
Export Finance – Advantages and Constraints
ADVANTAGES
CONSTRAINTS
For the Buyer / Borrower
 Capacity to raise large amount of financing
 Recourse to export credit to be taken into account when
drafting the Commercial Contract
 Long tenor from 5 to 25 years (depending upon the
nature of equipments)
 To follow established OECD rules, ECA requirements…
 Possibility to get fixed interest rate (some exceptions)
with no hedging cost
 Credit insurance premium cost payable to the ECA
 Flexible drawings in line with the progress of the
construction
 Grace period corresponding to the construction period
+ 6 months (no cash outflow until project completion)
 Possibility to capitalize interest payments during
construction period (IDC), get the premium and part of
local content financed (ECA approval)
 Possibility of refinancing scheme (ECA approval)
For the Supplier / Exporter
 Direct payments on delivery or against milestone
execution
 No implication in the loan agreement negotiation
12
 Environmental and Social Considerations
CHAPTER TWO
Crédit Agricole CIB: Your
Partner in Export Finance
- Global footprint, case studies & track record
13
Crédit Agricole CIB Export Finance – The Lead Bank Role
The Lead Bank has a crucial role in the implementation of export credits since its expertise and privileged contacts
with all major ECAs will be determinant in the good delivery of these tailor-made financing solutions
 Important to select a Lead Bank with proven track record with the relevant ECAs involved
The Lead Bank is in charge of:
 Coordinating with ECA(s) for the smooth processing of the application
 Supporting ECA’s due diligence process
 Coordinating discussions between relevant parties (Exporter, Offtaker or Investors) and the Borrower
 Structuring, arranging, lending the facility and syndication (if any)
 Providing additional options/services: supplementary commercial loan facility, hedging
 Managing the Documentation process with the Borrower, the Lenders, and the legal counsel(s)
14
Crédit Agricole CIB Export Finance – A Solid Global Footprint Covering the Main ECAs Worldwide
Sweden
3 dedicated professionals
Germany
4 dedicated professionals
Finland
1 dedicated professional
United Kingdom
3 dedicated
professionals
Russia
3 dedicated professionals
Poland
France
+20 dedicated professionals
Czech Republic
Spain
2 dedicated professionals
Switzerland
1 dedicated professional
Dedicated Export & Trade Finance Team
ECA covered
15
Italy
3 dedicated professionnals
15
Crédit Agricole CIB Export Finance – A Solid Global Footprint Covering the Main ECAs Worldwide
16
Korea
2 dedicated professionals
USA / Canada
4 dedicated professionals
Japan
4 dedicated professionals
China
1 dedicated professional
UAE/Dubai
1 dedicated professional
Hong Kong
2 dedicated professionals
Mexico
1 dedicated professional
Singapore
1 dedicated professional
Brazil
2 dedicated professionals
Dedicated Export & Trade Finance Team
ECA covered
16
Australia
Crédit Agricole CIB Export Finance – Global relationship with Multilateral Development Banks
Islamic
Development
Bank

17
A complementary financing solution to conventional Export Finance
Crédit Agricole CIB Export Finance – Case Study (1/3)
Project Overview
•
Financing of Alstom / Ceylan Electricity Board contract for the refurbishment & rehabilitation
of New Laxapana & Wimalasurendra Hydro Power stations located in the South-West part of
Sri Lanka. Contract denominated in EUR (Imported portion) and LKR (Local portion)
•
100% long term financing in USD equivalent consisting of:
 a 14.25-year Coface-backed facility for 85% of the EUR-Imported and LKR-Local portions,
plus Premium, arranged by Crédit Agricole CIB. Fixed interest rate
Financing
 a 10-year Tied Commercial Loan for 15% of the EUR-Imported and LKR-Local portions,
arranged by Hatton National Bank. Floating interest rate
•
2008
Successful partnership to provide a 100% financing solution in Sri Lanka
Ministry of Finance
Power Stations Upgrade
Sri Lanka
Borrower: Ministry of Finance of Sri Lanka
French Export Financing
•
Efficient cooperation between Crédit Agricole CIB (CACIB) and Hatton National Bank (HNB):
EUR 36,404,500
LKR 590,000,000
- to figure out and implement the right financing plan to cover 100% of the contract amount
Facility Agent & MLA
- to accommodate the multiple-currencies requirements to meet the Borrower, the Buyer and
the Supplier’s considerations (USD, EUR, LKR)
Key Features
18
•
CACIB acted as Global coordinator while both CACIB and HNB acted as Mandated Lead Arranger
(MLA) and Facility Agent of their facility respectively
•
Executed in December 2008 to support the development of Sri Lanka’s power capacity within a
difficult political context locally. Hence the need to work with knowledgeable banks to bring sufficient
comfort and COFACE on board
Crédit Agricole CIB Export Finance – Case Study (2/3)
Landmark EKN-covered facility with SEK funding in India
Financing of ABB delivery to PowerGrid Corporation of India of the First multi-terminal ultrahigh-voltage direct current (UHVDC) transmission system. The link will supply power from
north-east India to the populous region of Agra in central India, 1,700 kilometers away
Financing
•
SEK 3,9 Billion and EUR 55 Mio Buyer Credit with 100% EKN cover and funding from AB SEK
with a tenor of 4+12 years (tranche 1) and 5+12 years (tranche 2)
•
Borrower: PowerGrid Corporation of India
•
2011
•
Project Overview
CA-CIB acted as:
Power Grid Corp of India
HVDC substations
India
• Global Coordinator (9 international institutions incl. SEK and EKN)
• Mandated Lead Arranger (MLA)
•
Coordination of a 7 foreign banks group:
• Crédit Agricole CIB
• Fortis Bank SA/NV trading as BNP Paribas
• Nordea Bank AB
Key Features
• Skandinaviska Enskilda Banken AB
• Société Générale
• Svenska Handelsbanken AB
• AB Svensk Exportkredit
•
19
SEK acting as sole lender from the signing of the facility, with a counter-guarantee of each MLAs for
the documentation risk
Swedish Export Financing
+ Tied Commercial Loan
SEK 3,895,000,000
EUR 55,000,000
Global Coordinator,
MLA
Crédit Agricole CIB Export Finance – Case Study (3/3)
Project Overview
•
Construction of the Hyundai Steel Company third blast furnace involving a highly diversified
industrial sourcing
•
EUR 319 Mio and USD 101 Mio Multisource Export financing involving 5 ECAs: Euler
Hermes, Finnvera, ODL, OeKB, Sinosure. This financing is divided into 8 tranches, including
two commercial loans for a total amount of EUR 66 Mio
•
Borrower: Hyundai Steel
•
CA-CIB acted as:
Financing
• Global Coordinator (11 international institutions)
2011
Landmark Multisource Export Financing in South Korea
Hyundai Steel
Company
South Korea
• Global Agent
• Security Agent
• Mandated Lead Arranger (MLA)
• Account Bank and Documentation Bank
•
Coordination of a 6 foreign banks group:
• Crédit Agricole CIB
Key Features
• Bank of Communications
• Bank of Tokyo-Mitsubishi UFJ
• HSBC
• ING Bank
• Landesbank Baden-Württemberg
•
20
Complex ECA debt raising deal involving 6 banks and 5 ECAs to cover multiple sourcing and
contract structures: multiple currencies, multiple execution periods, multiple payment terms
under the various supply agreements. This transaction was closed in a very challenging and
moving economical and monetary environment
Multisource Export Financing
EUR 319,000,000
USD 101,000,000
Global Coordinator,
Facility Agent, MLA
JPY 17,000,000,000
EUR 556,000,000
Eskom Holding LTD
South Africa
Co- Arranger
Astaldi SPA
Italy
USD 1,200,000,000
EUR 64,000,000
EUR 60,000,000
Facility Agent, Structuring Agent,
Joint bookrunner
Sole MLA and Facility Agent
MLA and Facility Agent
21
2012
USD 96,050,000
Mandated Lead Arranger
Sole MLA and Facility Agent
Idea Cellular Ltd.
India
USD 1,250,000,000
Lender
Coface Export Financing
Finnvera Export Financing
EUR 27,500,000
USD 110,000,000
Co-MLA
EUR 179,000,000
MLA, Global Coordinator,
Facility Agent
Ichthys LNG Project
Inpex Corporation
Japan
Project Financing
Involving 8 ECAs
USD 20,000,000,000
Financial Advisor,
Joint MLA
2012
Blagovest satellites project
Sberbank
Russia
Private Export Funding
Corporation
United States
Revolving loan
USD 100,000,000
2012
OSJC Megafon
Russia
Euler Hermes
Export Financing
Sole MLA, Facility Agent
EUR 39,000,000
Co-MLA and Facility Agent
2012
China
Coface Export Financing
Finnvera Export Financing
2012
2012
Coface Export Financing
Hispasat Canarias SL
Spain
ODL Export Financing
SACE Export Financing
US EXIM Bank Guaranteed
Secured Notes
Nanjing Iron & Steel Co. Ltd.
2012
2012
EUR 60,000,000
Mandated Lead Arranger
2012
Petróleos
Mexicanos
Mexico
Euler Hermes
Export Financing
Evraz
Metallurgical Plants
Russia
2012
Coface Export Financing
Dubai Electricity and Water
Authority (DEWA)
United Arab Emirates
2012
EKN Export Financing
MLA
Facility and Security Agent
2012
Ministry of Finance
Venezuela
2012
eAccess Ltd.
Japan
2012
2012
Crédit Agricole CIB Export Finance – A proven track record - Selected credentials 2012
2 B777-300ERs aircrafts
Latam Airlines
Brazil - Chile
US EXIM Bank Guaranteed
Secured Notes
USD 288,000,000
MLA, Joint Bookrunner
Structuring Agent
Hyundai Steel
Company
South Korea
Sinosure Export Financing
EUR 251,000,000
USD 250,000,000
Joint MLA
Lead Arranger
Power Grid Corp of India
HVDC substations
India
Finnvera Export Financing
USD 140,000,000
Arranger
MLA, NEXI Agent
Mandated Lead Arranger
Arranger
Arranger
SACE / CESCE
Export Financing
USD 149,200,000
MLA
NEXI Untied Facility
Eurasia Natural Resources
Smelting Equipment
Kazakhstan
2011
EUR 394,000,000
2011
EUR 242,700,000
2011
USD 200,000,000
PetroVietnam Power
Dak Drinh Hydro Power
Vietnam
Idea Cellular
India
EKN Export Financing
+ Tied Commercial Loan
SEK 3,895,000,000
EUR 55,000,000
Tüpras Izmit refinery
Turkey
2011
2011
2011
Multisource Export Financing
involving 5 ECAs
MIGA Guaranteed Loan
PetroVietnam
Ca Mau Fertilizer Plant
Vietnam
Coface Export Financing
2011
Municipality of
Istanbul
Metro line extension
Turkey
Michelin Shenyang Tire Co
Factory Equipment
China
OAO Mosenergo
Electric Equipment
Russia
USD 178,000,000
Euler Hermes
Export Financing
Euler Hermes
Export Financing
EUR 185,000,000
EUR 89,250,000
MLA, Facility Agent
MLA
Arranger
2011
NEXI Untied Facility
2011
MLA, Documentation Bank,
Intercreditor Agent
MLA
2011
2011
MLA, Intercreditor Agent,
Security Agent
22
USD 1,461,000,000
USD 1,500,000,000
2011
USD 85,000,000
Mong Duong 2
1,240MW Thermal
Power Plant
Vietnam
Project Financing
Involving KSURE & KEXIM
NEXI Untied Facility
& JBIC Direct Loan
Coface Export Financing
Odebrecht - Braskem
Polyethylene Plant Upgrade
Brazil
PDVSA
Expansion of 2 Refineries
Venezuela
2011
O3b
Satellite and Launcher
United Kingdom
2011
2011
Crédit Agricole CIB Export Finance – A proven track record - Selected credentials 2011
Vnesheconombank
Avionic Equipment
Russia
Coface Export Financing
EUR 27,800,000
Agent and MLA
CHAPTER THREE
Crédit Agricole at a glance
23
Crédit Agricole Group – A banking giant with a global footprint
Top 25 by Total Assets
2011 (year end)
Crédit Agricole is
the World’s No.6
Bank measured by
Total Asset
Source: The Banker,
July 2012
… and No.13 Bank
measured by Tier One
Capital.
Crédit Agricole
is Europe’s
No. 4 Bank
by Tier One Capital
and by Total Assets
24
Rank Bank
Top 25 by Tier One Capital
2011 (year end)
Country
(USD
million)
Rank Bank
Country
(USD
million)
1
Deutsche Bank
Germany
2 800 133
1
Bank of America
US
159 232
2
Mitsubishi UFJ Financial Group
Japan
2 664 171
2
JP Morgan Chase & Co
US
150 384
3
HSBC Holdings
UK
2 555 579
3
ICBC
China
140 028
4
BNP Paribas
France
2 542 880
4
HSBC Holdings
UK
139 590
5
ICBC
China
2 456 295
5
Citigroup
US
131 874
6
Credit Agricole
France
2 431 932
6
China Construction Bank Corporation
China
119 135
7
Barclays
UK
2 417 369
7
Mitsubishi UFJ Financial Group
Japan
117 018
8
Royal Bank of Scotland (RBS)
UK
2 329 767
8
Wells Fargo & Co
US
113 952
9
JP Morgan Chase & Co
US
2 265 792
9
Bank of China
China
111 173
10
Bank of America
US
2 136 578
10
Agricultural Bank of China
China
96 413
11
Mizuho Financial Group
Japan
2 012 909
11
BNP Paribas
France
91 858
12
China Construction Bank Corporation
China
1 949 219
12
Royal Bank of Scotland (RBS)
UK
88 112
13
Bank of China
China
1 877 520
13
Credit Agricole
France
80 222
14
Citigroup
US
1 873 878
14
Banco Santander
Spain
79 897
15
Agricultural Bank of China
China
1 853 319
15
Barclays
UK
78 036
16
Sumitomo Mitsui Financial Group
Japan
1 741 213
16
Mizuho Financial Group
Japan
77 879
17
Banco Santander
Spain
1 619 349
17
Sumitomo Mitsui Financial Group
Japan
76 377
18
Societe Generale
France
1 528 577
18
Lloyds Banking Group
UK
68 024
19
UBS
Switzerland
1 508 303
19
Deutsche Bank
Germany
63 462
20
Lloyds Banking Group
UK
1 500 561
20
Goldman Sachs
US
63 262
21
Groupe BPCE
France
1 472 969
21
UniCredit
Italy
55 530
22
Wells Fargo & Co
US
1 313 867
22
Norinchukin Bank
Japan
53 837
23
ING Bank
Netherlands
1 243 651
23
Groupe BPCE
France
53 175
24
UniCredit
Italy
1 199 146
24
Morgan Stanley
US
52 352
25
Credit Suisse Group
Switzerland
1 115 065
25
ING Bank
Netherlands
49 973
Crédit Agricole Group – A universal client-focused banking model
Specialised Business Lines
Retail Banking
Corporate & Investment Banking
▌ No 2 in Europe in asset management
▌ No 7 in Europe in insurance
More than
11 600 branches
Servicing
33.5 million clients
▌ No 1 in Europe in fund
administration &
Bank Depository
▌ Key player in Europe in consumer finance
▌ Market leader in France in leasing & factoring
54 million clients
160 000 employees
25
An International network in the key economic
areas of EMEA, Americas,
and Asia Pacific
Crédit Agricole Group – Ratings
Crédit Agricole SA
(CA SA)
Credit ratings
Long term
Short
term
L ong term
Standard & Poor’s (Octo be r 20 12 )
Fitch Ratings (Oc to be r 20 12 )
A-1
F1+
A (n eg ativ e o utlo ok )
A+ (ne g ativ e ou tlo ok)
A-1
F1+
A (ne ga tiv e ou tlo ok)
A+ (n e ga ti ve ou tl oo k)
Moody’s
P-1
A2 ( stab le o utl oo k)
P-1
A2 ( stab le ou tl oo k)
(Ma rch 2 01 3 )
Crédit Agricole CIB (CA CIB) benefits from its parent company’s rating
through the affiliation mechanism
In accordance with and pursuant to the modified article R 512-18 of the French
Code Monétaire et Financier (CMF), the Crédit Agricole Network’s internal
financial solidarity mechanism in favour of its affiliates has been formally
extended to include CA CIB. As a result, CA SA, as central organisation of the
Crédit Agricole Network, has a legal obligation to guaranty the liquidity and
solvency of the affiliated members by taking all necessary measures. As a
consequence, for Moody’s, the long-term debt and deposit ratings of CA CIB are
now aligned with those of CA SA (as it was the case already for the other two
rating agencies).
26
Shor t
ter m
Crédit Agricole CIB
(CA CIB)
Crédit Agricole CIB – Business model
“Our consistent goal is to strengthen our leadership in our core areas of expertise”
Jean-Yves HOCHER, CEO Crédit Agricole CIB, January 2012
Primary Equity & Syndication
Strategic Equity
Foreign Exchange & Treasury:
▌
Foreign Exchange
▌
Treasury
Structured Financial Solutions
Debt Optimisation
& Distribution (DOD)
Mergers & Acquisitions:
Other Sector Groups
Global Sector Groups:
Global Markets Clients Division:
▌
Financial Institutions Group
▌
Corporate and Investor Clients Division
▌
Debt Capital Markets
▌
Securitisation
▌
Aviation & Rail Finance
▌
Global Ship Finance
▌
Real Estate & Lodging
▌
Global Financial Sponsors Group
▌
Global Energy Group
Telecom, Media & Technology, incl. Telecom Finance
Oil & Gas
Metals & Mining
Agribusiness
Financial Institutions & Real Estate
Regions:
▌
▌
▌
▌
▌
▌
Natural Resources, Infrastructure & Power
Transactional Commodity Finance
Americas
Asia Pacific
Europe, Middle East & Africa
France:
Large French Clients (LFC)
Direction des
Régions de France (DRF)
(servicing the French midcaps &
partnering with CA Regional Banks)
CA Int’l Liaison Desks
Crédit Agricole Group
27
Commercial Banking & Trade:
Commercial Banking
Trade Finance
Export Finance
Sustainable Banking
Global Investment Banking (GIB)
Equity Capital Markets:
Credit & Rates
Coverage & Int’l Network (CIN)
Structured Finance (SFI)
Global Markets Division (GMD)
Equity Brokerage: CLSA Asia Pacific Markets – CA Cheuvreux – CA CIB Securities USA
Crédit Agricole CIB – A streamlined geographic setup to reach key countries and regional areas
Helsinki
Oslo
Stockholm
Moscow
Brussels
Francfort
Geneva
LONDON
Montreal
PARIS
Milan
Chicago
Madrid
Beijing
Guangzhou
Tianjin
Xiamen
Alger
NEW YORK
Houston
Tripoli
Dubai / Abu Dhabi
Seoul
Tokyo
Shanghai
Osaka
HONG KONG
Mexico
Taipei
Mumbai
Ahmadabad
Bangalore
Chennai
New Delhi
Pune
Singapore
Sao Paulo
Sydney
Buenos Aires
28
Coverage & Investment Banking
Regional platform
Retail Banking
Branch, Affiliate or Rep. Office
Crédit Agricole CIB – Pioneering sustainable development
A constant commitment over the past 10 years:
Finance and
Sustainable
Development Chair
at
Université Dauphine
Climate Principles
Diversity charter
Developing innovative financial solutions for its clients:
Human rights
charter
Methodology for quantifying
carbon emissions generated
by
the activity of a bank
Structured Finance:
FReD : Group policy to
enhance Corporate
Social Responsibility
2010
Equator principles,
founding member
First 3-year
agreement
on disability
applying to the
Group and
subsidiaries
2012
United Nations
Global Compact
LGV ToursBordeaux
ERG Eolica Fossa del Lupo
97.5 MW Wind Farm
Founding member of the Equator Principles
Capital Markets:
▌
European leader in Sustainable Bonds & Green Bonds
▌
Unparalleled access to Socially Responsible Investors (SRI)
▌
Nb. 1 in Europe for SRI Research in 2009, 2010, 2011
Mandated Lead Arranger
Technical Bank
Swap Provider
▌
Specialised advisory services for social and environmental investment projects
Région Ile de
France
Région PACA
EUR 350,000,000
Sustainable Bond
EUR 119,500,000
Sustainable Bond
Joint Bookrunner
Joint Bookrunner
2011
(Source: Thomson Reuters Extel Surveys)
Investment Banking:
EUR 567,000,000
Project Finance
Arranger
2012
▌
EUR 126,000,000
Project Finance
2011
World leader since 1997 in project finance for renewable energies and infrastructures (incl. water
infrastructure, public transport, etc.) as well as Public Private Partnerships (PPP)
2012
▌
LIVELIHOODS
Abiding by strict guiding principles:
▌
29
When financing the economy in sectors with high environmental and social impacts, e.g.
defense, energy (Oil & Gas, Shales Gas, Coal-Fired Thermal Power, Hydopower, Nuclear Power).
EUR 21,000,000
G20 on Agriculture
Agro-forestry
carbon fund
Sole Advisor
Sole Advisor
CHAPTER FOUR
Contact details
30
Crédit Agricole CIB – Contact details
Crédit Agricole CIB Singapore
Crédit Agricole CIB Paris
Franck PASSILLIER
Florence GAYMARD
Deputy Head of Export Finance Asia-Pacific
Head of Export & Trade Finance France
[email protected]
[email protected]
Tel: +65 6439 9779 / Mob: +65 9837 9778
Tel: +33 1 41 89 39 32
THANK YOU
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Disclaimer
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office: Broadwalk House, 5 Appold Street, London, EC2A 2DA.
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