Commodity trade finance chiefs from about 20 banks including HSBC, Domestic product and also the group that is working are the response that is strongest by lenders and regulators to shore up confidence in a business that contains privately held companies and supply chains.
For security pledged in loans that could help improve and reduce risks for banks, three of the sources said.
Losses were also large at Agritrade International Pte Ltd, which dropped with US$1.55 billion in obligations that are outstanding.
Funding for cargoes of petroleum which did not exist from banks. Agritrade International gained financing for the cargoes by providing replicate documents, Dutch bank ING stated in a court record.
Many European lenders are part of this working class, two of the sources mentioned.