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Global Treasurer: Global group of banks launch drive to develop multi-trillion dollar trade as an asset class
Published on:
April 1, 2019
A joint drive to use technology and standardisation for the wider distribution of trade finance assets has been announced by 14 global financial institutions. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
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