Best Corporate Trade Finance Deal in South Korea - Deutsche Bank and Hyundai Corporation

 With an in-depth understanding of the needs and circumstances of the customer, the winning bank proposed an insurance-covered invoice discounting scheme, with risk coverage backed by an export credit agency. The financing arrangement enabled the customer to obtain immediate cash conversion at a  discounted interest rate than anticipated, despite the 300-day term and as an off-balance sheet arrangement, 90% of LC amount was discounted under export-credit agencies’ risk coverage. 

For a solution that demonstrates the bank’s dedication to provide the most appropriate solution for its client through consideration of various options and assistance in pitching and negotiating with the insurance corporation for a desirable financing arrangement, the Best Corporate Trade Finance Deal in South Korea goes to Deutsche Bank and Hyundai Corporation.