BankBoston's plan for paper firm sidesteps fear of risks

Article Abstract:

BankBoston NA announces that its $100 million loan to Asia Pulp and Paper is a contract that shows how creditors can minimize risks in lending to Indonesian companies. The bank's credit uses the company's offshore commodities as collateral, which cannot be easily liquidated. The bank is considering applying the approach to other sectors and other companies.

Woodpulp & Related Products, Pulp Mills, Finance, Services, Wood pulp industry, Singapore, Paper industry, Asia Pulp and Paper Company Ltd., FleetBoston N.A.

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Step closer to e-commerce; H-P gets Hang Seng Bank wired. (Hewlett-Packard Co.)

Article Abstract:

Hong Kong-based Hang Seng Bank Ltd., unveils its electronic commerce plans with orders of credit-card payment system from Hewlett-Packard Co. Another affiliate of Hang Seng Bank, Hong Kong and Shanghai Banking Corp., joins forces with Cable and Wireless HKT Ltd., for electronic fund transfer system.

United States, Electronic Computer Manufacturing, Use of services, Contracts & orders received, Use of materials & supplies, Hong Kong, Alliances, partnerships, Other Telecommunications, Money Transfer Telecom Services, Bank Automation Systems, Computer software industry, Software industry, Automatic banking equipment industry, Telecommunications services industry, Telecommunications industry, Contracts, Hewlett-Packard Co., Electronic commerce, E-commerce software, E-commerce, Cable and Wireless HKT Ltd., Hongkong and Shanghai Banking Corporation Ltd., Computer applications, Electronic funds transfer systems, Bank automation, Hang Seng Bank Ltd.

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