Germany’s Commerzbank has successfully ‘gone live’ with two bank payment obligation (BPO) transactions, GTR has learnt.
The first is for Polytrade GmbH, a German SME supplier of polymer chemicals for use in plastic products and its buyer in Thailand. The second is for Belgium-based BP Aromatics, one of the world’s largest aromatics exporters, via Commerzbank in Brussels, and its Turkish client.
CEO of Dints International, Geoff de Mowbray, tells GTR that supply chain innovation is increasingly important for mining Africa.
The first set of standardised SCF definitions have been agreed by a preliminary peer review group and an initial draft of the definitions is imminent.
Santander has hired Eugenio Cavenaghi as head of trade, export and supply chain for Germany, Austria and Switzerland.
The European Bank for Reconstruction and Development (EBRD) has appointed Philippe Le Houérou as vice-president of policy.
A commodities financing scandal in China has shed some light on the murky underbelly of its collateral trade, which some fear is fuelling bubbles in China’s economy. Finbarr Bermingham reports.
As the world of regulation heats up, GTR gathered its editorial board to measure the impact on the banking, legal and insurance industries.
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