CT's Working Capital Chronicle has been updated. New deals include: Singapore Airline's new FX payments facility; Toyota's new derivatives reporting platform; and LyondellBasell Industries' cash management solution.
BHP Billiton and Xiangguang Copper have transacted a first of a kind back-to-back electronic letter of credit over Bolero, shaving 20 days off a typical transaction.
BP Petrochemicals transacted the first automated multi-bank bank payment obligation (BPO) over the last week of April for a Europe-centred transaction.
Swift has recently published research providing up-to-date details on those running bank payment obligations. At present, 25 corporates are involved in live transactions.
Swift and the Thai government will speed up transactions and make it easier for the country to connect to its ASEAN neighbours by implementing the newest bank messaging standards.