Kingsun, a Chinese manufacturer and exporter of Christmas lighting, barbecue gas grills and steel household products, was seeking a more flexible, efficient and cost-effective solution for its trade financing needs.
Kingsun selected Bank of America to leverage the bankÆs relationships with buyers as some 80% of KingsunÆs major buyers in the United States are already Bank of America customers, the bank said in a statement.
Through its vendor financing programme, Bank of America offers lower-cost trade financing solutions including letters of credit, open account bills and private label letters...
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