Brief: signs Bank of China

Brief: signs Bank of China

Hong Kong's second largest bank, Bank of China Group has signed up to the trade finance platform.

Launched in September 1999, enables the parties in an international trade transaction to exchange contractual, settlement and fulfilment data over the Internet.

Most of the world's major banks (including ABN Amro, HSBC, Chase Manhattan, SocGen and BNP) and container shipping lines (including Cosco, Evergreen and K Line) as well as many major multinationals such as Tate & Lyle, Samsung, Hitachi, Otto Versand and Mitsui have now signed up to the system.

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