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DBS adopts Surecomp IMEX solution

04 January 2010

DBS has implemented Surecomp trade finance solution in the UK and Taiwan with plans for further roll out in the Gulf and US.

DBS Bank, one of the largest financial services groups in Asia, has successfully implemented IMEX, Surecomp’s trade finance solution, at its UK and Taiwan operations.

The implementation of IMEX at DBS UK and DBS Taiwan underscores the growing relationship between the bank and Surecomp, according to Ng Peng Khim, managing...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010