Innovation is the name of the game for the Noble Group

Trade finance for the commodity industry could no longer be the domain of banks if the Noble Group''s new trade finance arm proves to be successful with its innovative finance arrangements.

Noble Trade Finance Hong Kong's managing director, David Sullivan, discusses why the company won't be a bank, yet.

Q What's the idea behind setting up a trade finance arm in Noble Group

A The reason is quite simple. If you look at the trading business of Noble in the last five years, it has increasingly diversified. Noble Group used to be a steel and aluminum trade company. These days, Noble Group has expanded into sectors such as coal, sugar and cocoa. We have also expanded our traditional steel and aluminum trade to a wider marketplace. For different markets you need different financing techniques, such as different instruments, different guarantees and so on.

For that...

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