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DCW Updates

Bangladesh: Partnership with Visa for Domestic Settlements

Christopher Byrnes

Eastern Bank Ltd. has announced its partnership with Visa Worldwide Pte. Ltd. to offer trustee services towards domestic settlement obligations which will provide Visa clients the option to ensure security in the form of Bangladeshi Taka (BDT) cash collateral against domestic transactions.

Previously, such collateral was provided by USD-denominated standby LC issued by international banks in favor of Visa.

Published in: DCW Updates, Bangladesh, Eastern Bank, Visa Worldwide, Bangladeshi Taki (BDT)
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Christopher Byrnes

Christopher Byrnes

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