Trade with the Hubei Province, China and the coronavirus

20-01-31 10:48 | News & Announcements

There is currently an outbreak of respiratory illness caused by a new coronavirus first identified in Wuhan, Hubei Province, China. Our sympathies go to the people affected by the virus.

A secondary consequence of the coronavirus is that many courier companies have stopped delivering to the Hubei Province in China. Therefore, it may be difficult to deliver documents under Trade Finance transactions where the counterpart bank is in the Hubei Province. The actual consequence of that will depend on the Trade Finance product used, and how it is structured. 

Please feel free to contact Nordea Trade Finance if you have transactions involving that region.

We will of course assist in assuring that your transactions run as smooth as possible in these unfortunate circumstances.