Become a NWF financial counterparty
We have a number of guarantee products to deploy as part of our £10bn of financial capacity for guarantees.
To deliver our guaranteed deals, we need to work with financial counterparties such as banks and institutional investors. If you are interested in becoming a NWF approved financial counterparty, please see the process outlined below.
Onboarding financial counterparties
We will consider onboarding and monitoring financial counterparties in order for them to participate in transactions covered by one of our guarantees.
Process and eligibility
The onboarding process involves a compliance assessment, a risk assessment and an operational capability assessment.
Regulated investment-grade financial institutions with relevant experience are likely to be acceptable, subject to compliance, ESG (environmental, social and governance) and operational capability checks.
Timeframe
The timeframe will be dependent on the financial counterparty’s credit rating, experience of transactions covered by a third-party guarantee, compliance measures and operational capability. Initially timescales may be slower as the first group of new counterparties are onboarded.
The timeframe will take into account any involvement in transactions under negotiation.
Re-approvals after onboarding
Re-approval will be required if there has been a material change in circumstances in:
- credit rating
- experience
- compliance/Know Your Customer (KYC) processes (including that identified in periodic refresh)
- data security
- regulatory environment and rule of law
For more information and to apply for onboarding please email: guaranteeonboarding@nationalwealthfund.org.uk.
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