US$1 million trade finance facility approved by DBS Bank
Singapore, 30th August 2019
Select Metals is pleased to announce a new US$1 million trade finance facility has been approved by DBS Bank Ltd, Singapore's largest bank, effective 9th September 2019.
This trade finance facility is the first of its kind with DBS Bank and increases our working capital for sales of copper and aluminium into China and India. Combined with existing trade finance facilities, the company now has US$4.3 million in trade finance facilities at its disposal.
"We are very grateful for the continued support of DBS, our exclusive bank in Singapore. This facility will increase our working capital and allow Select Metals to continue to grow volumes traded", said Joshua Canning, Founder and Managing Director of Select Metals.