HSBC adds to Asia trade and supply chain

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02 June 2010

HSBC adds to its Asia trade and supply chain business development team reflecting the overall growth of this line of business.

HSBC has added to its Asia Global Trade and Supply Chain team having recruited two experienced senior executives to its Asia Pacific business development team.

David Tsoi and Ying Hung Wong bring a wealth of international expertise to the team. Tsoi joins from JP...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%