Santander has expanded its US trade finance offering to help companies manage liquidity and the demands of international supply chains. Its developments addressed both the financing of commercial activity and the administrative work involved in managing suppliers and payments.
Supplier finance provides a tangible example of this approach. Santander added Group Debit – a settlement feature that consolidates supplier payments into a single repayment to the bank – to an existing US supply chain finance facility for a multinational metals and mining client.
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