At a Glance

    SMEs can now enjoy seamless and secure trading and financing via Trusple with DBS Bank. Trusple is a service platform for international trade and related financial services powered by AntChain’s proprietary technology. Buyers and sellers can now trade their products along the Singapore-China corridor and access trade financing digitally in real-time.  

    Trusple is suitable for your business if you are an SME

    that imports goods from China.

    looking to get secure and quicker trade financing approvals.

    Features & Benefits
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    One-click Financing

    Access our trade settlement and financing services in real-time via Trusple.

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    More Security

    Leverage Trusple’s blockchain-enabled smart contracts to gain more transparency in payments and trade documentation, including applying for import financing.

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    Less Manual Paperwork

    Apply for trade financing digitally.

    FAQs
    Do I need to pay a fee to use the Trusple platform?

    Usage of the Trusple platform is free. However, you will be charged transaction fees for OTT. If you require a BPU to be issued or a loan to finance your purchase, a separate charge will be levied based on utility of your trade facility. Please speak to your DBS Relationship Manager for more information.
    Must I be a DBS customer to use the trade financing features on Trusple?

    Yes, you are required to link your DBS Corporate Current Account on Trusple to enable straight-through transactions to your account. You will also need to link your DBS trade facility to finance purchases from China via Trusple.
    Does my China seller need to be a DBS customer to use Trusple?

    No. However, your seller needs to be a registered user on Trusple.
    What are the invoicing payment terms that can be transacted on Trusple?

    The Trusple platform supports Open Account Terms. If you are a buyer that deals with your seller on open account terms and receive documents directly, DBS can provide payment assurance to the seller on your behalf by issuing a Bank Payment Undertaking (BPU). Alternatively, if your supplier requires payment assurance via a Letter of Credit or Documentary Collection terms, you could encourage your supplier to adopt Bank Payment Undertaking as a solution instead.

     

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