SANTANDER EGF PAN-EUROPEAN SUPPLY CHAIN FINANCE

Promoteur – Intermédiaire Financier

BANCO SANTANDER SA

Lieu

• Autriche
• France
• Allemagne
• Italie
• Pays de l’UE

Description

Reverse factoring operation under the European Guarantee Fund (EGF) of trade payables of corporates and mid-caps located outside Spain in EGF-participating Member States, improving access to finance of their (mainly small and medium-sized enterprise (SME)) suppliers.

Objectifs

The operation will allow an increase in the reverse factoring volumes available for suppliers to identified mid-cap and large corporate buyers enabling access to finance at favourable financing conditions for SME and mid-cap final beneficiaries.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 500 million

Coût total (montant approximatif)

EUR 11200 million

Aspects environnementaux

In accordance with the Bank's policy to ensure that projects in sub-operations comply with the Acquis, in particular in the fields of environment and public procurement, the Financial Intermediaries shall provide in their reverse factoring agreements with the Buyers that sub-projects undertaken by the latter shall comply with the relevant applicable EU and national legislation.

Passation des marchés

In accordance with the Bank's policy to ensure that projects in sub-operations comply with the Acquis, in particular in the fields of environment and public procurement, the Financial Intermediaries shall provide in their reverse factoring agreements with the Buyers that sub-projects undertaken by the latter shall comply with the relevant applicable EU and national legislation.

Statut

Signé - 16/06/2021