According to the statement, the
12 other banks are ABN Amro, ANZ, CIMB, Deutsche Bank, ICICI, Lloyds, Maybank, Natixis, OCBC, Rabobank, SMBC and UOB.
The proposed trade finance registry (TFR) would serve as a secure central database for the banking industry to access records of trade transactions financed across banks in Singapore, according to the press release.
This would prevent duplicate financing from different banks for the same inventory, which in turn...
