Open account trade "desperate" for standardisation

BNY Mellon global trade product head Michael McDonough says open account trade needs a standard format, but Swift’s TSU may not be it.

Ask Mike McDonough, head of global trade product management at BNY Mellon, what he thinks is important to trade finance customers today and he will tell you two things – price and simplicity.

¬ Haymarket Media Limited. All rights reserved.

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