Rio Tinto completes first paperless RMB trade with China's Baosteel
Paperless trade is moving up the value chain as heavy-hitters such as Rio Tinto and Baosteel conduct the first paperless iron ore deal in renminbi
Contour, the open trade finance network, last week announced the completion of a Baosteel and Rio Tinto deal - supported by Chinsay, DBS Bank, essDOCS and Standard Chartered Bank - in the first fully integrated paperless trade for Rio Tinto with a Chinese counterpart.
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