On Feb. 17, SK CB revised trade finance support program regulations.
SK CB revised the Detailed regulations on the trade finance support program related to bank intermediated lending support facility, to improve the fairness among banks.
Outline of Revisions
Delete the provision that recognizes the differential trade finance handling performance (75%) of the Industrial Bank of Korea, in order to improve the fairness among banks.
Change the person responsible for loan execution/disciplinary actions to the Director of the Financial Affairs Bureau from the Director of the Financial Settlement Bureau.
Effectiveness
The revised Detailed regulations will be implemented from Mar. 1, 2025.
