In exclusive partnership with East & Partners Asia, CT earmarks what treasurers care about in a trade bank. Clearly most prefer to use electronic-based trade documentation where possible.
Combining exclusive interviews and submissions from Asia’s key transaction banks, CT has compiled ten top trade finance strategies from the last year. This is the final part of the full write ups.
After sifting through the year’s interviews and submissions, CT has selected ten trade finance transactions that represent the most innovative deals in Asia-Pacific
It seems treasurers are hard to please. Based on research compiled by East & Partners, the level of satisfaction of transaction banking services in Asia is misaligned with the quality of service they are getting.
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.
European banks are pulling financing out of Asia with Singapore and Hong Kong badly hurt, especially in trade finance. Asian banks are taking some of the slack.