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Henan Yuguang – pre-export finance
23 March 2009
Local expertise proves rewarding
Read more:
Trafigura
pre-export
China
Hong Kong
SAFE
letter of credit
lead concentrate
PXF
This deal is one of the first innovative structured commodity trade finance transactions in China to date utilising a Hong Kong-based trading company. The deal was extremely carefully structured working capital financing that gave Standard Chartered suitable comfort as well as supplying the Chinese borrower with access to necessary funds. This financing also presented a clever solution to working around US dollar and renminbi exchange controls.
Standard Chartered used its Hong Kong subsidiary, Standard Chartered Trade Support Hong...
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