Unterzeichnung(en)
Übersicht
- Durchleitungsdarlehen - Durchleitungsdarlehen
Pan-EU supply chain finance is linked to risk sharing operation where all final beneficiaries are EU buyers that are defence players as defined by the EIB.
The primary objective is to improve access to finance to final beneficiaries in the security and defence sector.
The proposed operation is a supply chain finance linked risk sharing guarantee to Santander where final beneficiaries are large corporate Buyers and its suppliers identified as having main activities in the security and defence sector. It will address the failure in financial markets for companies arising from limited access and/or high cost of financing charged by creditors as a result of information asymmetries, lack of collateral and imperfect screening and monitoring. In addition, the operation fully supports security and defence sector and hence addresses the market failure associated with a public good nature of such projects.
It contributes 100% to the Innovation, Digitalisation and Human Capital (Competitive Industries - Security, Strategic Autonomy and Resilience) vertical as well as the Security and Defence (100%) horizontal public policy goals of the Bank. It is therefore eligible under Art 309 point (c), common interest, of the Treaty on the Functioning of the European Union.
The operation is intermediated with a Financial Intermediary with a good governance system and strong project management capabilities. The underlying guarantee provided through EIB's intervention will promote access to finance for companies and will benefit to the European citizens due to increased security and defence capabilities.
Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.