Settling the open question: Banks champion collaborative innovation ad corporates shift to open account

Date Wednesday, September 27, 2017
Magazine TXF Chronicle

The continuing move toward open account trade and away from traditional trade finance techniques offers corporates new levels of speed and flexibility, but it also exposes them to higher risks. According to Adeline de Metz and Raphael Barisaac, global co-heads of trade finance at UniCredit, however, a number of bank-led collaborative initiatives are addressing the problem, highlighting the ascendancy of industry-wide cooperation as a means of meeting the growing needs of corporate clients.

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