Page 53 - 期貨和衍生品行業監管動態（2024年6月刊）
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期貨和衍生品行業監管動態
institutions (FIs) in Singapore and Cambodia, that aims to catalyse increased trade
and cross-border related financial services between small and medium-sized
enterprises (SMEs) in Singapore and Cambodia. The ease of data accessibility will
enable participating FIs to make better credit risk assessments and facilitate greater
availability of financing for SME trade between Singapore and Cambodia. The FTC is
designed and run by Proxtera Pte Ltd.
The first batch of participating FIs from Singapore and Cambodia have been
onboarded. They are:
From Singapore: ANEXT Bank Pte Ltd, Liquid Group Pte Ltd and Sing
Investments & Finance Limited.
From Cambodia: Advanced Bank of Asia Ltd, ACLEDA Bank PLC, Phillip Bank
PLC, Sathapana Bank PLC, and Wing Bank PLC.
Information sharing and financing via the FTC has been initiated with various
participating entities to execute the first live transactions. For Singapore, Sing
Investments & Finance Limited, will be using the FTC to provide financing to
Singapore SMEs, such as JR Group – a leading food services SME – which will be
purchasing raw materials and commodities from a Cambodian SME. Liquid Group
Pte Ltd will also utilise the FTC to assist in necessary checks for foreign currency
payments related to this Singapore-Cambodia trade. From Cambodia, Sathapana Bank
PLC will leverage the FTC to provide greater financing to Cambodian SMEs, such as
Comin Khmere Company Ltd – an importer of building materials from multiple
Singapore SMEs.
Subsequent phases of the FTC initiative will increase the deal flow, number of
financial institutions involved, and explore green finance and trade finance, to bolster
the trade capabilities of both countries. MAS and NBC have signed a Memorandum
of Understanding (MoU) in July 2023 to collaborate on the FTC initiative.
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