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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (46880)	2/26/2009 1:03:36 AM
From: elmatador	Respond to of 219421

Crisis is good. Inefficiencies are wipped out the economy. "It takes a shipment of one million barrels of crude a day from Singapore to Indonesia, but you'd be doing pretty well to get the trade documents over there in three or four days." ... Traditionally, says Lars Millberg, global head for trade finance at SEB, corporations have left the details of trade finance to offices and factories around the region or around the world, since that was seen as the best way to deal with the paper-intensive business. But increasingly banks and companies are taking advantage of simple technology, such as scanning and emailing documents, to change the way they do business. ... "We want the issues on the table of the treasurer, not just the risk manager," explains Millberg. "Before, everyone was happy if the risk was covered at a decent price and they allowed the process to be inefficient." bankingtech.com