?

Business news

Komgo Named Digital Agent On First Borrowing Base In Asia
28.04.2023

Mercuria Group, in collaboration with Komgo as the Digital Agent, has launched a successful and oversubscribed Energy Transition Borrowing Base in the Asia Pacific region.

The deal involves five syndicate members from a diverse panel of European and Asian banks.

Leveraging Komgo's smart document solution, Trakk, this innovative setup streamlines communications and documentation, removing the need for wet ink signatures and enabling paperless transactional drawdowns, mark-to-marketing, verification of signers, and processing of collateral in a digital format. Trakk functions as a one-stop, verifiable source for all syndicate members, building trust through detailed monitoring and increasing the efficiency of the overall facility.

This pioneering deployment represents a major milestone in the digitalisation of trade services in Asia, further showcasing Komgo's leadership in this space.

 

We're delighted to have collaborated with Komgo on its first Digital Agent deployment in the Asia-Pacific region, demonstrating our commitment to innovation and digitalisation in the trade finance industry.”
Anthony Ford,
Asia CFO & Group Head of Credit.

 

“We're thrilled to have been named Digital Agent on this groundbreaking Energy Transition Facility for Mercuria Asia. We look forward to our continued collaboration to drive trade digitalisation in the region.”
Nicolas Djelalian
Managing Director – Komgo Pte Ltd

 

 

Latest news

2022 archive

2021 archive

2020 archive

2019 archive

2018 archive

2017 archive

2016 archive

2015 archive

2014 archive

2013 archive

2012 archive

2011 archive

2010 archive

Back to top