DBS Bank completes first digital letter of credit for Super Steel
In an industry first, the Singapore lender has completed a S$4.8 million trade finance settlement for Super Steel. There are now two more such deals in the pipeline
Singapore’s DBS Bank has completed its first trade financing settlement through CamelONE’s Trade Finance portal (TFP) - a S$4.8 million ($3.45 million) letter of credit transaction by local steel wholesaler and supplier Super Steel.
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