SINGAPORE - DBS Bank has completed the first trade financing transaction on Singapore's Networked Trade Platform , the lender said in a press statement on Thursday .
The DBS trade relates to a $3.5 million letter of credit transaction for a trade of Audi cars between Audi Singapore and Audi's local distributor, Premium Automobiles. Audi and Premium Automobiles can now submit bank applications and send and receive trade documents online through the NTP.
Source: News Formal (newsformal.com)
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