The EIB Group Risk Enhancement Mandate (EREM)

EREM has been signed between the EIB and EIF in March 2014 to support the impaired financing of European businesses. With a total of up to EUR 6bn earmarked, up to EUR 4bn contributed by the EIB and complemented by up to EUR 2bn by EIF, EREM aims at supporting additional guarantees, debt and equity instruments.

EREM includes a number of different products/windows either reinforcing existing activities or strengthening EIB Group positions using alternative financing tools to respond to concrete new market needs. 

Under EREM, the following financial products are currently available:

• EREM Asset-Backed Securities (ABS) Credit Enhancement
• EREM Cooperative Banks & Smaller Institutions (CBSI)
• EREM SME Initiative (contribution to the upper mezzanine tranche of the overall SME Initiative structure)
• EREM Social Impact Finance (top up of the existing Social Impact Accelerator structure (SIA) 

For more information contact EREM@eif.org