Three regional banks are gearing up to open their branches in Myanmar – a symbolic and political move that has been pushed through ahead of the country’s elections, CT understands.
Bank of Tokyo Mitsubishi UFJ has hired Yong Lee Boon to run transaction banking in the region as the lender looks to grow its business in cash and trade.
UniCredit and Bank of Tokyo Mitsubishi have completed the world's first bank payment obligation between Japan and Germany. Once the obligation was triggered, the seller in the transaction sold its receivables to UniCredit in order to reduce its days sales outstanding.
Oct 27, 2014
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After sifting through the year’s interviews and submissions, CT has selected ten trade finance transactions that represent the most innovative deals in Asia-Pacific
Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to substantially reduce days sales outstanding.