Jan 04, 2013

Commercial Trust forms trade services division

Commercial Trust Limited, a Hong Kong registered trust company, is pleased to announce that its affiliate, Commercial Acceptance Limited (“CAL”) a Hong Kong company registered under the Hong Kong Companies Ordinance, will serve as the Operating Manager for our “Interbank Consortium”, a trade services and cross-border import/export facilitator engaged in RMB settlements, bill trading, and finance.  CAL maintains its primary trade accounts with Hang Seng Bank, Hong Kong.

Commercial Trust is a registered trust company in Hong Kong and Switzerland. CmlTrust provides custody and transactional support through HSBC Global in Hong Kong, and is a clearing correspondent of ABN-Amro Bank, Amsterdam.