jpmorgan-wins-thai-trade-mandate

JPMorgan wins Thai trade mandate

Under the new mandate, the US bank will provide a range of risk mitigation and financing services to Kasikorn Bank.

By Nina Mehra

March 30, 2008

JPMorgan Treasury Services has been selected by Thailand's Kasikorn Bank as its trade processing partner. In what is a new mandate, the collaboration will enable Kasikorn Bank's clients to gain greater transparency on their transactions as well as cash flow, funding and risk management.

The US bank says it will offer trade finance, supply chain management tools and logistics capabilities to clients. The deal will help to support the Thai bankÆs clients' growing trade business needs via financing and risk mitigation structures.

JPMorgan meanwhile also gains access to Kasikorn Bank's domestic network, credit support and infrastructure to offer in-country trade-related solutions to its international customers as well as to Thai suppliers of its...

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