Bank of America wins Asia’s best trade finance deal for its customised supply chain finance programme for Parker Hannifin. The company needed to strengthen supplier liquidity, unlock working capital and improve resilience across a supplier base, including businesses facing financing constraints.
Bank of America designed a hybrid solution combining conventional receivables purchase with corporate payment undertaking finance, enabling suppliers to select the structure and tenor best suited to their needs. The undertaking model reduced documentation and shortened onboarding from at least two weeks to a few days.
Bank of America designed a hybrid solution combining conventional receivables purchase with corporate payment undertaking finance
Execution began in China across 14 buying entities and subsidiaries, supported by supplier education delivered with Parker’s procurement team.
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