Standard Chartered has become one of the first financial institutions to enlist pension fund assets to improve its liquidity position after bringing in the €86bn ($126.5bn) Dutch healthcare workers’ fund as a partner on an innovative collateralised loan obligation deal worth $2.5bn (€1.7bn).

As the bank's sole partner, pension fund PGGM has taken on the higher risk tranches of a commercial loan portfolio for an undisclosed amount, in a deal to last an average three-and-a-half years.