StanChart launches new trade finance service guarantee
New service aimed at Singapore exporters.
In the Singapore trade finance space, Standard Chartered has notched up a first, becoming the first bank to offer a service guarantee to its overnight document checking service. Ultimately, the bank believes that this new trade finance service will result in a faster turnaround time for letters of credit LCs coming from Singapore exporters and as a handy tool to free up cashflow.
Under the newly launched overnight document checking service, customers will be allowed to submit export letter of...
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