Trade Based Financial Crime Compliance
Navigating the complexities of trade finance compliance—clarity, strategy, and risk mitigation in one essential guide.
Eastern Bank Ltd. has announced its partnership with Visa Worldwide Pte. Ltd. to offer trustee services towards domestic settlement obligations which will provide Visa clients the option to ensure security in the form of Bangladeshi Taka (BDT) cash collateral against domestic transactions.
Previously, such collateral was provided by USD-denominated standby LC issued by international banks in favor of Visa.
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