DBS announced on June 21 that it has commenced trading as a Category 4 member on the London Metal Exchange (LME) – the world’s leading platform for the trading of industrial metals.

DBS is the first bank in Asia to be issued a membership with LME outside of London. Its Category 4 membership means that it must appoint a designated clearing member to clear trades on its behalf. 

With the new membership, DBS’ corporate clients in Singapore, China, India, Indonesia, Korea and Hong Kong will have access to the bank’s suite of hedging and financial solutions to support the needs of metal businesses. 

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