Standard Chartered Bank Innovation of the Year

A landmark deal with Ceylon Petroleum Corporation (CPC) secured Standard Chartered Bank not only our Innovation of the Year Award in Asia, but also a place in history.

The deal broke new ground – not due to any special structure – but because it was the first hedging deal ever undertaken by the Sri Lankan government. It was also a milestone transaction for Asia, being the first time an Asian country/Central Bank has chosen to hedge its energy exposure requirements in the financial markets and

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