Casio Computer Company has started Japan’s first letter of credit (LC)-based exporting e-trade services on Bolero. Initially focused on the export LC transaction, this involves a number of trade documents including the bill of lading that utilises Bolero’s title registry capability. This trade chain covers goods shipped direct from Hong Kong to Korea. Bolero claims that its Title Registry service enhances the credibility and safety of document exchange over the Internet, so Casio would be able to receive the bill of lading securely. Using Bolero for this e-trade service, the time to collect goods could be reduced by up to nine days. As a direct consequence, the Korean importer no longer needs to issue a letter of guarantee.
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.