The $25 million transaction, priced off Secured Overnight Financing Rate (SOFR) averages, is an industry milestone as the global interbank offered rate (IBOR) transition gathers pace.
Digital solutions providers such as Surecomp are embracing the move that will allow companies to electronically transfer trade documents for improved efficiency and cost savings.
The provider of global trade finance offerings for banks and corporates has signed up Siam Commercial Bank to its solutions for integrated, straight through digital trade finance processing.
