CMB extends flexible revolving credit to Shell’s lubricant distributors screened by the multinational.The funds offer these trading companies shunned by mainstream banks cheap financing - but with strings attached.
Vipul Gupta, head of tax and treasury for Electrolux, discusses how a Western company can facilitate cheaper financing for their key Asia-based suppliers.
HSBC has hired Bhriguraj Singh as its head of product management for global trade and receivables finance Asia Pacific, a new role for the British-headquartered bank.