Citi: Introduces sustainability-linked supply chain financing in Asia Pacific

Citi: Introduces sustainability-linked supply chain financing in Asia Pacific

• Citi has launched its first Sustainability-linked SSCF program in Asia Pacific with the aim of supporting clients 
• Improve the resilience of their supply chains and manage their working capital needs
• SCF programs benefit companies and their suppliers as they prioritize their working capital positions respectively
• The bank would provide financing to a client’s suppliers from the date of collection of specific goods/provision of services
• The cost of this financing is borne by suppliers at a rate lower than their usual cost of funds
• As a result, suppliers benefit from cash flow acceleration, quicker payment and improved financing costs