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After $9 Billion Credit Hit, Banks Seek Trade Finance Revamp

Over the last 6 years, trade finance creditors have seen cases of alleged fraud, forgery, and questionable accounting practices amount to $9.26 billion in potential losses. Marked by the spectacular collapse of Singaporean oil trader Hin Leong, the industry is taking measures to fight these "delays and archaic processes that have marred the trade finance sector".


Read about this industry-wide paradigm shift here or by clicking on the PDF file below, and hear what GTR Ventures' co-founder and CIO Kelvin Tan had to say about the issues at hand and how they can be solved.


After-9-Billion-Credit-Hit-Banks-Seek-Trade-Finance-Revamp
.pdf
Download PDF • 1.70MB

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