ExxonMobil with BAML and China CITIC has driven the use of electronic bill of lading (eBL) in Asia with its shipment from Singapore to China via the essDOCS online platform.
RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.
Chinese banks’ soaring profits may soon be a thing of the past since the nation started liberalising its interest rates last June, which continues to erode their earnings.
CMB extends flexible revolving credit to Shell’s lubricant distributors screened by the multinational.The funds offer these trading companies shunned by mainstream banks cheap financing - but with strings attached.