News
16 November 2021

BNY Mellon seals landmark trade finance deal using SOFR

Region:
Americas

BNY Mellon has become the first bank to successfully complete a trade finance deal with Brazil’s Banco Bradesco utilising the new CME Secured Overnight Financing Rate (SOFR) as the reference interest rate on the transaction.Whereas trade financing traditionally used the London Interbank...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
20 April 2026

Dangote scales up amid energy market turmoil

Afreximbank has signed on fresh financing for Nigeria’s oil & gas industry at a moment of crisis for the global energy business. The conflict in the Gulf has further...

Perspective
24 April 2026

Jabiru-1: Who’s out of orbit?

The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part...