OCBC cashes in on Asian DCR growth
"The growth rate for DCRs at OCBC in Malaysia will probably double that - 40% - because Malaysia is a newer market with less initial volumes," added Vincent Caldeira, vice-president of group treasury at the bank in Singapore.
OCBC saw a four-fold growth in the number of DCRs in 2007 and a 60% growth so far this year, he said. "Because volumes were picking up, we started thinking about managing trade booking directly at the point of sale, which is why we decided to implement a retail-focused
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