Trade Finance Syndications. 14 th April 2009. Our expertise Powering your ambition. Disclaimer
14th April 2009
Powering your ambition
This presentation has been prepared by Standard Chartered Bank (“SCB”) for restricted distribution. Neither SCB nor the distributors nor any of its affiliates and/or their directors, officers, employees shall in any way be responsible or liable for any losses or damages whatsoever which any person may suffer or incur as a result of acting or otherwise relying upon anything stated or inferred in or omitted from this presentation.
This presentation is for information purposes only and is based on information available to the public from sources that SCB believes to be reliable, but no representation is made that it is accurate or complete, and no information herein should be relied upon as such. Opinions and projections found in this presentation reflect our opinion as of the presentation date and are subject to change without notice. This presentation is neither intended nor should be considered as an offer or solicitation, or as the basis for any contract, for purchase of any security, loan or other financial instrument.
As a result, Porsche paid 10x the price of their previous transaction & had to provide security as they misjudged the market!
Bad market conditions + increased borrowing costs = increased price =
Increased Pricing / Lower Tenor / Tighter Covenants
Result: The higher the RWA, the higher the pricing to meet internal
A few examples from 2008:
stronger than ever.