Large corporate organisations engaged in international trade face many difficulties when managing credit lines and guarantees provided by multiple banks.
The corporate landscape is fast changing in the Far East as new incentives look set to lead to the creation of more regional treasury centres in Hong Kong.
In the world of logistics and the physical supply chain, digitisation is now at the heart of everyday operations.
17 Jun 2016
All too frequently, companies relying on paper bank guarantees are surprised to find that these important documents are invalid.
Small and medium-sized enterprises (SMEs) generally find it very hard to obtain access to trade finance. This has become all the more difficult with the advent of anti-money laundering regulations in banking and the requirements for institutions to “Know your customer” (KYC).
Bank guarantees are a vital feature of many sectors of business, but are costly to manage and all too easily mislaid or found to be riddled with inaccuracies that render them invalid.
Bolero is making changes to its strategy in a bid to fulfil its original goal – set two decades ago – of dematerialising trade.
Daniel Cotti becomes chairman of Bolero on February 1, replacing Nicholas Barber who assumes the role of deputy chairman. Here Mr Cotti, an experienced former J.P. Morgan executive, outlines how he sees the immediate future for Bolero, its customers and partners.