HSBC has lured former Philips CFO Bart Ras away from Citi to be its new global head of business development for global trade and receivables finance (GTRF).
A survey of India’s top companies reported general satisfaction with their banking relationships, although services in money markets, short-term debt, and liquidity management fared less well, according to East & Partners.
A survey of China’s top companies reported a marked dissatisfaction with trade finance and liquidity management services, products they also ranked as among the most important, according to East & Partners.
European bank capital reserve requirement exemptions on trade finance were hard won, but a senior banker at HSBC is doubtful whether the Bank of England will apply the Basel III friendlier rules.
After rifling through a bag-full of submissions, CT has selected ten trade finance transactions that represent the best in client management, innovation and sensible risk awareness.
BHP Billiton has executed the first fully electronic document presentation under a letter of credit into China, but critics remain skeptical over the chances of wider adoption.