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...

To continue reading, please login or register for free

Click for more on: standard chartered | trade finance | singapore

Print Edition

FinanceAsia Print Edition

CONFERENCES