Singapore’s best trade finance deal is awarded to DBS for delivering Aster Chemicals and Energy’s highly complex trade finance transformation, enabling the seamless transition of critical refining and chemicals assets into a newly established operating entity while ensuring uninterrupted business continuity.
Following the acquisition of integrated refining and chemicals assets in Singapore through a joint venture structure, Aster faced the challenge of building an independent treasury and trade finance infrastructure from the ground up, while ensuring the continuity of cross-border trade flows, guarantee obligations and supply chain activities across multiple markets.
A key innovation was a bridging trade facility supported by back-to-back credit structures
DBS responded with a bespoke multi-product trade finance framework designed specifically for the carve-out and transition process.
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