UniCredit’s Holger Frank and Siow Chin Yeo explain in GTR how banks are joining forces to digitalise the secondary market for trade finance

Holger Frank, Head of Global Transaction Banking and Financial Institutions Group, Asia Pacific, and Siow Chin Yeo, Head of Trade Finance, Asia Pacific, at UniCredit, write in GTR how banks, including UniCredit, are working together to address the absence of an efficient and widely-used secondary-market platform for trade finance.

The solution comes in the form of Capital & Credit Risk Manager (CCRManager) – an online platform that enables trade finance providers to sell contracts to a wide range of investors quickly and simply. CCRManager will drastically increase the speed, efficiency and transparency of reselling trade finance contracts, increase banks’ capacity to lend in all geographies and sectors – an innovation that will have positive repercussions across the entire industry.

To read the full piece, please click here.

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