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Seabury Capital Partners with Thomson Reuters in Asia

Traders Magazine Online News, September 28, 2018

John D'Antona Jr.

Seabury TFX (HK) Limited (“STFX”), a Hong Kong- and U.S.-based provider of trade finance solutions to supply chains around the world and a subsidiary of New York-based Seabury Capital Group LLC, announced today a new partnership with Thomson Reuters (NYSE: TRI) which aims to develop a new marketplace for trade finance in Asia.

The first of its kind platform for trading of accounts receivable by institutional investors and corporate treasurers, the Receivables Board app will allow both primary and secondary trading, while developing a network of qualified corporates and investors.

“The partnership between Thomson Reuters and Seabury TFX is addressing the challenge associated with liquidity of corporate receivables that many companies around the world are facing today,” said Margaret L. Chan, Chief Executive Officer, Seabury Capital’s Asset Management and Global Head of Specialists Funds and Financial Solutions. “There is a significant focus on utilizing open technology standards to spur the transparency and innovation to provide the flexibility which the trade finance industry increasingly needs to remain competitive in a complex, global business landscape.”

According to an Asian Development Bank*, there is a gap in global trade finance amounting to $1.6 trillion annually on untapped potential in trade, unrealized economic value, and lost opportunity. Treasurers need to manage working capital in a fast-changing market under an “expensive, high-risk low-return” financial world, while investors tend to look for “special niches” – instruments that could deliver adjusted return prospects, structure and risk.

Seabury TFX Chief Executive Officer Robert Lin further added: “The companies can now access the Receivables Board through the world-renown Eikon platform, which allows corporate treasurers to gain liquidity on their account receivables, while enabling investors to track receivables from purchase to maturity.”

Stuart Brown, Head of Asia Customer Proposition, Thomson Reuters, commented: “We are delighted to enter into this strategic partnership with Seabury Capital offering significant value for customers in the trade finance market. The launch of the Receivables Board App on our Eikon platform demonstrates the openness of our technology and the ability for our partners to quickly innovate to solve real customer needs. This solution will be of incredible benefit to Corporate Treasurers looking to address their Trade finance requirements and extends our wide range of services for Corporates including FXall, Eikon Auctions and World-Check.”

Lin concluded: “This solution, coupled with Thomson Reuters' wide range of solutions such as World-Check and FXall, will provide the ability to supplement KYC and forex to benefit both treasurers and investors.”

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