For the UK, it was hailed as an historic triumph, reaching an 11th hour agreement after years of hard negotiating. For Asia’s treasurers, however, ‘no deal’ is still the only deal.
Bolero and essDOCS inked their first deals on India trade and bank payment obligations (BPO), breaking new ground for the normalisation of electronic trade documents.
CT's Working Capital Chronicle has been updated. New deals include: Donggi-Senoro LNG inks a trade finance deal to secure the import of liquid natural gas from the US to Indonesia; JSC secures Chinese trade finance and ECA backing for factory equipment; and Trafigura renews its revolving credit facility.