Best Trade Finance Solutions: Singapore

Provider: DBS Bank 

Dairy Farm Singapore entered into a supplier financing programme with DBS Bank, enabling the leading retail group to help its suppliers optimize their working capital, which will in turn augment the financial stability of Dairy Farm’s supply chain.

This is a groundbreaking supply chain financing initiative, being the first such programme for the retail industry in Singapore.

Under the programme, DBS offers additional working capital to Dairy Farm’s suppliers, allowing the latter access to additional liquidity without having to establish any further lines of credit, thus alleviating working capital constraints of the suppliers.

Dairy Farm needs only to fund one account held with DBS, instead of making multiple payments to multiple suppliers every month.