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Asian Development Bank to add RMB and INR currencies to its Trade Finance Programme

08/08/2014 The Asian Development Bank (ADB) has indicated that it will add the Chinese Renminbi (RMB) and the Indian Rupee (INR) currencies to its Trade Finance Programme (TFP) before the end of the year. Since its launch in 2009, the TFP has only covered transactions denominated in US Dollars, Euros and Japanese Yen.

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A credit required a shipping company certificate to be issued by the shipping company, carrier or its agent. The presented bill of lading is signed by an agent on behalf of the carrier. However, the presented shipping company certificate is issued by a different party. Can this be a discrepancy?

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Asian Development Bank to add RMB and INR currencies to its Trade Finance Programme

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