HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
Vietnam Bank for Agriculture and Rural Development has signed up for Swift’s Know Your Customer (KYC) Registry. Similar initiatives could help treasurers get onboarded with banks faster.
Data from East & Partners shows a 13.2% drop in export loans in Australia in the period from 2012 through 2014 and is said to pose a challenge for Australian banks.
Chinese telecommunications giant Huawei signed a deal to secure its European smartphone receivables with trade credit insurance through Euler Hermes on June 19.
KPMG partner Egidio Zarrella and JP Morgan’s Asia-Pacific head of sales for treasury services Margaret Yao give their tips on transfer pricing through centralised trading centres.
A survey of China’s top companies reported a marked dissatisfaction with trade finance and liquidity management services, products they also ranked as among the most important, according to East & Partners.
Cargill is increasing it use of electronic bills of lading [E B/Ls] to include agricultural shipments from South America. It also has designs for usage in Asia.
Use of letters of credit (LC) for exports to Bangladesh surged 118% last year, compared with the previous 12 months. Increased trade with China is likely a key driver.
The Corporate Treasurer is launching its ‘Cash Mandate Chronicle’, a submission-based deal table benchmarking innovative cash mandates in Asia-Pacific. We want YOUR submissions.