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INTERNATIONAL COOPERATION –
SETTING UP/ DEVELOPMENT OF
GUARANTEE SCHEMES
Case study Financial System Development
Mongolia with Società Gestione Fondi per
l’Agroalimentare (ISMEA/SGFA)
GiorgioVenceslai
ISMEA
ISMEA => supervision of Ministry of Agriculture
Agricultural markets prices data collection
Venture capital, credit and guarantee instruments for agriculture
Insurance services
Technical assistance to central and local administrations
Credit rating models
2
ISMEA FI ACTIVITIES
SGFA
(100% ISMEA)
State Counterguarantee
Subsidiary
guarantee
(1961)
First call
guarantee
(2008)
Portfolio
guarantees
(2013)
Venture
capital
fund
(2013)
Credit
fund
(2015)
3
CONFERENCE (OCTOBER 2010)
• AECM and ISMEA
presentationOn behalf of
AECM
• Basle II
• State aid guarantee scheme
The legal
framework
• Direct
• Subsidiary
• Counterguarantee
Different
guarantee
models
4
CONFERENCE (OCTOBER 2010)
• …the risk…
• …the loss
Sharing..
• Germany
• PortugalTwo european
models
• How to manage the moral hazard
• The role of the State
counterguarantee
Main focus
5
THANK YOU FOR YOUR ATTENTION
6

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Giorgio Venceslai (ISMEA) - INTERNATIONAL COOPERATION – SETTING UP/ DEVELOPMENT OF GUARANTEE SCHEMES

  • 1. www.ismea.it www.ismeaservizi.it INTERNATIONAL COOPERATION – SETTING UP/ DEVELOPMENT OF GUARANTEE SCHEMES Case study Financial System Development Mongolia with Società Gestione Fondi per l’Agroalimentare (ISMEA/SGFA) GiorgioVenceslai
  • 2. ISMEA ISMEA => supervision of Ministry of Agriculture Agricultural markets prices data collection Venture capital, credit and guarantee instruments for agriculture Insurance services Technical assistance to central and local administrations Credit rating models 2
  • 3. ISMEA FI ACTIVITIES SGFA (100% ISMEA) State Counterguarantee Subsidiary guarantee (1961) First call guarantee (2008) Portfolio guarantees (2013) Venture capital fund (2013) Credit fund (2015) 3
  • 4. CONFERENCE (OCTOBER 2010) • AECM and ISMEA presentationOn behalf of AECM • Basle II • State aid guarantee scheme The legal framework • Direct • Subsidiary • Counterguarantee Different guarantee models 4
  • 5. CONFERENCE (OCTOBER 2010) • …the risk… • …the loss Sharing.. • Germany • PortugalTwo european models • How to manage the moral hazard • The role of the State counterguarantee Main focus 5
  • 6. THANK YOU FOR YOUR ATTENTION 6