Wachovia Bank now offers browser-based Letter of Credit and Documentary Collection services through a secure extranet. Global Trade-LC allows importers to create letters of credit using customised templates and offers more than 20 standard reports to monitor import activity and electronically resolve discrepancies in documents. Global Trade-DC allows exporters to prepare and present open account, documentary collections and letter of credit cover letters directly to the buyers’ banks. Cover letter details can be entered quickly using ‘fill-in-the-blank’ screens and multiple databases can be accessed for all parties, currencies, countries and text clauses.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.