Risk Mitigator--Banks keener to provide capital as multicommodities centre reduces commodities trade finance risk

摘要

Through the Tradeflow initiative, the Dubai Multi Commodities Centre (DMCC) is reducing the risks related to commodities trade finance, resulting in banks being more comfortable with providing capital, says DMCC Tradeflow director Paul Boots.The DMCC was founded in 2002 as a government initiative to promote commodities trade in and through Dubai and started to develop a warehouse receipt system in 2004, which evolved into Tradeflow, which was launched in February."We started to consider ways in which we, as a government entity, could work towards finding solutions for possible market inefficiencies and this is where Tradeflow came in," he explains.