The Qingdao Port investigation will drag into mid-way next year, according to a China trade services expert, treasurers can expect pre-shipment finance to be “virtually impossible”.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
Pham Ngoc Long, director at Grant Thornton Vietnam takes corporates through which DTA to apply when importing and exporting from Vietnam, after June updates.
A newly completed electronic letter of credit over essDocs slashed document processing times, in both beneficiary and advising banks, as well as corporates.
Despite company registrar filings that HSBC has released assets related to traders involved in Qingdao Port disputes, delays continue in trade finance.
Chinese telecommunications giant Huawei signed a deal to secure its European smartphone receivables with trade credit insurance through Euler Hermes on June 19.