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.
A crucial court decision and improved practices around commodity assets and collateral is helping restore confidence following fraud at the Port of Qingdao
Citi failed to force Mercuria Energy to stump up $270 million, but the crucial UK High Court ruling over metals financing will provide comfort for trade finance banks in China and users of repo agreements alike.
BHP Billiton and Xiangguang Copper have transacted a first of a kind back-to-back electronic letter of credit over Bolero, shaving 20 days off a typical transaction.
KPMG partner Egidio Zarrella and JP Morgan’s Asia-Pacific head of sales for treasury services Margaret Yao give their tips on transfer pricing through centralised trading centres.