Exchange said Bank of China became in July its first Chinese client in Singapore
Dubai Mercantile Exchange (DME) has passed
a milestone in its plan to attract more business from Asia by
signing French bank Natixis as its tenth big client to issue
letters of credit out of Singapore.
The Dubai exchange said Natixis had been
approved to issue letters of credit on behalf of its clients to
guarantee deliveries of Oman Blend crude oil traded on the
"With the entry of Natixis, we now have
the support of a major financial institution operating in
Singapore to make it easier for our mutual clients to trade on
the DME," said Owain Johnson, managing director of the Dubai
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.