Our branch, in cooperation with Xiamen Branch, provides USD10m working capital loan for Singapore-incorporated subsidiary of a Fujian-based trading company. As the borrower is contracted to be raw material supplier for land reclamation projects in Singapore, Branch also issued Performance Bond for the company. We are also in discussion with borrower for Deliverable Forward (USD/SGD) to hedge its forex risk due to mismatch of USD payment and SGD revenue. We aim to provide comprehensive financial service to support borrower’s business expansion in Singapore.