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Turkish packaging company, Köksan, is the latest corporate to adopt bank payment obligations in a transaction with PTT.
CIMB's completed interbank BPO involving China CITIC Bank continues the lead taken by Asia-Pacific banks in developing the new trade finance tool.
Part II of a case comparison of the latest advances in trade finance covers BPOs and eLCs. Are they mutually viable in the long-term?
Part one of a case comparison looks at BPOs and eLCs. Are both practices mutually viable in the long-term?
Bank connectivity is a path to efficient central treasury management, but connections are only as good as the standards allow.
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.
Tom Alaerts, product manager, standards, for SWIFT in Singapore advises on some of the differences in global bank messaging standards.