Serenity Bank Cote d'Ivoire

TREASURY CLIENT SOLUTIONS

Serenity Bank offers innovative derivative, structured finance, and local currency products and solutions that enable clients to hedge foreign exchange, interest rate, and commodity price exposure.

Local-Currency Finance

Lending to the private sector in developing countries has traditionally been in the form of loans denominated in foreign currency such as the dollar or the euro. But the volatility in currency markets represent a major risk for companies with revenues in local currency.

Serenity Bank provides long-term local-currency solutions and helps companies access local capital markets. By matching the currency denomination of assets and liabilities, they can concentrate on their core businesses rather than worry about exchange rate volatility, expanding and creating jobs.

Partial Credit Guarantee

A partial credit guarantee (PCG) represents a promise of full and timely debt service payment up to a predetermined amount. Typically, the sum that Serenity Bank pays out under the guarantee covers creditors irrespective of the cause of default. The guarantee amount may vary over the life of the transaction based on the borrower's expected cash flows and creditors' concerns regarding the stability of these cash flows.

Serenity Bank tailors guarantees to meet the needs of both borrower and creditors. They are structured to reduce the probability of default of the debt instrument and increase the recovery if default occurs. In general, Serenity Bank's objective is to offer the minimum amount of guarantee necessary to facilitate a successful transaction.

Portfolio Risk-Sharing Facilities

A risk sharing facility allows a client to sell a portion of the risk associated with a pool of assets. The assets typically remain on the client’s balance sheet and the risk transfer comes from a partial guarantee provided by Serenity Bank.

In general, the guarantee is available for new assets to be originated by the client using an agreed upon underwriting criteria, but in certain situations may also be used for assets that have been already originated. Typically, the client’s purpose in entering into a risk sharing facility with Serenity Bank is to help the client increase its capacity to originate new assets within an asset class in which Serenity Bank is interested in increasing its own exposure.

Securitizations

Securitization structures are most appropriate for a company that seeks financing but is unable to tap funding sources for the desired tenor and funding cost because of its perceived credit risk. In general, any asset class with relatively predictable cash flows can be securitized. The most common assets include: mortgages, credit cards, auto and consumer loans, corporate debt, and future revenues.

Serenity Bank invests in domestic or cross-border securitizations and provides credit enhancement to transactions through funded or unfunded participations, mainly at the mezzanine level.

TREASURY CLIENTS

Why our treasury clients solutions?

We offer innovative derivatives, structured finance, and local currency products and solutions that enable clients to hedge foreign exchange, interest rate, and commodity price exposure...

PROSAVER ACCOUNT

Why choose our ProSaver Account?

This savings account lets you stick with the basics. Of course full online and mobile banking is part of this account, and there’s no monthly service fee. Using our free debit card makes it...

ASSETS MANAGEMENT

Why you need an asset manager

We provide expertise ranging from index-tracking and active strategies across multiple asset classes to liability-based risk management solutions. As one of the leading providers of index fund and Assets management...

LOYALTY CHECKING

If you have any of our Bank loan packages, you can take advantage of our Loyalty Checking account. You won’t pay any monthly service fee, and you’ll accrue tiered interest plus these extra and standard services...

CERTIFICATES OF DEPOSIT

You may use your balance to qualify for Premier Checking. On select CDs, you may have interest deposited directly into your checking or savings account. CDs are available for both...

PROSPER SAVINGS

With our Prosper Savings Account, you give your savings a real chance to grow. With great interest rates, your savings will grow faster while you enjoy the many other benefits of this account...