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Widening the net
01 December 2006
Much has been written about supply chain financing and how the face of trade is changing, with banks increasingly looking to service and finance all elements of the chain. Trade Finance looks at a recent initiative that could allow smaller banks to become more active globally.
Much of the work being undertaken on supply chain financing is being done by banks with a global spread as they look to service the requirements of their clients more efficiently. For smaller banks though, many are losing out in this process – and so, possibly are their corporate clients. However, in a recent move, ABN Amro has announced an initiative to improve the use of working capital across supply chains while providing new opportunities for banking partners to participate in corporates' open account trade.
Mike Hampson, head of financial institutions (FI), transaction banking at ABN Amro based in London says: "As world trade becomes dominated by open account, the time is right to introduce new routes for banks to help their clients optimize their supply chains. These solutions are particularly relevant to smaller suppliers who might otherwise find it...
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