Tuesday 07, April 2009 by
$1.25 billion global trade deal signed by Standard Chartered
The agreement is the first to emerge from the Global Trade Liquidity Program (GTLP), a trade finance initiative announced earlier this week by World Bank President Robert B. Zoellick. As part of the programme, Standard Chartered will originate trade finance transactions of up to $1.25 billion from emerging markets banks, which will, in turn, extend trade financing to their importer and exporter clients in their presence countries.
