Page 53 - 期货和衍生品行业监管动态（2024年6月刊）

期货和衍生品行业监管动态

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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