Trade Finance Roundtable

Finance Asia and Citibank hosted a round table in Hong Kong on March 14 to examine the issues surrounding trade finance and the internet. Nick Lord, editor, Financeasia.com, chaired the discussion.

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Nick Lord How do we think that e-commerce will impact traditional trade financing activities

Michael Klausner We hope e-commerce will help make trade faster and easier. The traditional way trade is done today is difficult and complex. We believe e-commerce is here to stay and that it should be taken seriously.

What we are working towards is using electronic data transfers to reduce errors and make the overall process more efficient. We think it's one of the big things. We're trying to make it fast, easy, less expensive and very secure.

Raymond Tan I'm interested because I'm in the fashion business, where you have weather change, colour change,...

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