Credicorp .(BAP) Newsfilter·2024-12-30 22:05Core Viewpoint - Credicorp Ltd. is taking proactive measures to address the impact of regulatory actions and alleged misconduct at Sartor Administradora General de Fondos S.A. by offering to purchase 100% of the value of investments in affected funds, ensuring clients are not burdened by the liquidation process [8][10]. Group 1: Company Actions - Credicorp Capital will execute participation transfer agreements through its affiliate Atlantic Security Holding Corporation (ASHC), covering up to US$125.3 million in investment value [3]. - The company has committed to acquiring the value of investment units from its clients within 45 days to mitigate uncertainty stemming from the liquidation of Sartor-managed funds [6]. - Following a complaint by Credicorp Capital, the Chilean Financial Market Commission (CMF) revoked Sartor's authorization to operate and ordered the liquidation of all funds under Sartor's management [10]. Group 2: Fund Details - The affected funds include the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital Factoring Soles FMIV, which had exposure to assets managed by Sartor [8]. - The CMF's recent actions included the suspension of contributions, redemptions, and payments for all funds managed by Sartor, impacting Credicorp's clients [10]. Group 3: Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified portfolio across Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [9]. - The company has a presence in multiple countries, including Peru, Chile, Colombia, Bolivia, and Panama [9].