Rome – Sace (Cassa Depositi e Prestiti Group) and Banca Monte dei Paschi di Siena (MPS) announced the signing of an important agreement to support the growth of the Mid-Cap Italian in foreign markets with high potential, but the high-risk profiles . The agreement, Master Risk Participation Agreement, provides corporate customers of MPS – particularly those of average size – a package of insurance and financial solutions designed to support the payment of supplies regulated with documentary credits and release of contractual guarantees required for international tenders and contracts. This new initiative has already facilitated the first operations of sharing of documentary credits in support of Italian supplies of machinery and building materials and packaging in Algeria and China. (9colonne)
