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Article: Funding secures livestock exports.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 27, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov 26, 2002 (The West Australian - ABIX via COMTEX)
FARES International Trading, the ABC International Bank, and Futuris-owned Elders have announced a major export funding deal. The deal involves a structured trade finance facility that provides security of payment against livestock exports from Australia. Futuris financial director Max Ormsby said the deal would facilitate the transportation of larger shipments. Ormsby said the move would allow farmers to opt between selling their livestock on the domestic market or overseas. As part of the deal, FARES International Trading and the ABC International Bank, which involves a consortium including the Arab Banking ...