What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Regional Fund-of-Funds Romania
La Financière Région Réunion
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
Dutch Growth Co-Investment Programme
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

JEREMIE Lithuania Call EOI JER 004-4: Information note to the financial intermediaries

  •  
    Date: 27 November 2012 - 10 December 2012

Logos

 

Information Note to the Financial Intermediaries regarding the Call for Expression of Interest No JER-004/4 (Lithuania) for the First Loss Portfolio Guarantee Financial Instrument (launched on 02/09/2010, closed on 13/10/2010) and amended with the Information note published in May 2012:Introduction of revolving credit transactions to the First Loss Portfolio Guarantee Financial Instrument

In order to further facilitate improvements in the access to finance for SMEs, the EIF is to implement further changes to the terms and conditions set in the Call for Expression of Interest JER-004/4 (“Call”).

The SME transactions taking the form of a loan instrument (including for the avoidance of doubt a credit line or an overdraft line of credit) which is utilised on a revolving basis (“Revolving Credit Transaction”) is introduced as part of the Eligible Loans. The minimum maturity of the Revolving Credit Transaction is 12 months with possible extensions up to the earlier of (i) 36 months as from the first day of entry into the Revolving Credit Transaction and (ii) 31 December 2015. The maximum amount of the Revolving Credit Transaction to an individual Eligible SME shall be set by EIF and in such a manner as to allow the Portfolio to be sufficiently diversified. The maximum obligor concentration will be set in no case greater than “de minimis” amount equal to EUR 1,875 million (i.e. EUR 1,5 million divided by the Guarantee Rate).

This product feature was neither a selection nor evaluation criteria impacting the selection process of the Financial Intermediaries. Should you decide that you would like to participate in the Financial Instrument due to the above mentioned changes, please inform EIF by no later than 10/12/2012 by letter. In the event that you had decided not to apply earlier, any letter should provide justification of why this change would have changed your decision in relation to submitting an Expression of Interest for the Call.

The letter shall indicate the reference number of the Call (No. JER-004/4). It should be signed by the duly authorized person(s) and sent to both the following addresses :

Postal Address:

European Investment Fund

Attention: Regional Business Development Unit

96 Boulevard Konrad Adenauer

L-2968 Luxembourg

LUXEMBOURG

and E-mail address: Attention: Regional Business Development Unit, info.rbd@eif.org 

Applications will not be processed if there are no additional funds allocated to the First Loss Portfolio Guarantee Financial Instrument.


 
 

Copyright ©

 European Investment Fund 2017 – The European Investment Fund is not responsible for the content of external internet sites.