In October 2010, CCB NY Senior Management signed an agreement with the International Finance Corporation to allow CCB NY to act as a confirming bank thereby allowing CCB to support bilateral Latin American/Chinese trade while also deepening its knowledge of the Region while taking comfort in the AAA guarantee provided in the form of a Standby L/C issued by the IFC to the benefit of CCB NY.  In June 2013, CCB NY positioned itself as the most active Asian bank by ranking no 1 in the IFC produced league table with over $45 million of transactions financed.