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Friday, November 22, 2024

A seminar focusing on working capital in trade finance

By Nurdiyanah R. –

BANDAR SERI BEGAWAN, NOV 21 – Baiduri Bank in collaboration with Credit Agricole Corporate and Investment Bank, organized an exclusive seminar at the Baiduri Community Room to explore working capital trends and solutions in Trade Finance.

The event caters to government-linked companies (GLCs) and medium to large companies operating in the oil and gas, wholesale and construction sectors. It aims to equip participants with advanced strategies for trade finance management.

The seminar discussed the changing landscape of trade finance solutions that are essential to today’s complex markets.

The objective of the event is to provide insight into the supply chain and financing receivables, enabling participants to stay informed about current trends and challenges, optimize cash flow management and accelerate the cash conversion cycle.

Meanwhile, Head of Corporate Banking and Trade Finance at Baiduri Bank, Leonard Lee, said Baiduri Bank is committed to enhancing their corporate banking solutions by delivering knowledge sharing initiatives that empower the bank’s customers.

A seminar focusing on working capital in trade finance
Photo of many Baiduri Bank staff involved during the seminar. – BAIDURI BANK SUBMISSION PICTURE

“This seminar reflects our dedication to serving as a trusted partner for our clients, offering trade finance solutions tailored to meet the demands of an increasingly sophisticated market,” he added.

The seminar featured Director, International Trade Finance and Transaction Banking at Credit Agricole Corporate and Investment Bank, Desmond Lim, who shared insights from his 30-year career in international trade and transaction banking.

The presentation covers two main areas namely Supply Chain Financing and Receivables Financingdesigned to deepen the general understanding of how structured trade finance products can address specific business challenges.

With the emergence of sophisticated financial products in ASEAN, Bank Baiduri continues to innovate in corporate banking services, positioning itself as a leading partner for businesses in Brunei and beyond.

By increasing awareness and knowledge of trade finance solutions, the bank also ensures clients are equipped with practical tools such as flexible and responsive supply chain financing to support growth objectives while thriving in an ever-evolving financial landscape.

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