International trade sounds glamourous, but often entails enough paperwork to sink a battleship. CT speaks to Bolero which fixed the first electronic bill of lading for a Taiwanese shipper.
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.
Taiwan’s central bank has agreed with its counterpart in China to create renminbi clearing in Taiwan. Trade settlements could shoot up to $12 billion by the end of the year as a result.