Financing Solutions - Management of Legacy Financial Products
To broaden the financial solutions offered by the FFF, loans under legacy financial products can also be transformed into market-based products to better manage financial risks. Conversion of loans involves a high degree of customization to meet borrowers’ requirements and promotes valuable dialogue with the IDB.
The 2009–2010 Conversion Offer allowed borrowers to transform to market based rates US$32 billion of outstanding loan balances under two legacy products: Single Currency Facility (SCF) and Currency Pooling System (CPS) with adjustable rates. In addition, close to $10 billion of CPS loans were dollarized.