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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.
Existing benchmarks for the trade finance industry contain data holes, banks and Swift should make broad transaction flows public.
Singapore-headquartered agribusiness company, Olam International, announced the retirement of its long-standing CFO.