Of late, ABC Singapore Branch successfully executed the branch’s very first loan backed by mis-match currency SBLC. The maiden deal involves an issuance of RMB SBLC from ABC sister branch in China to support a SGD loan for a Singapore corporate. The completion of the deal signifies an addition of the already extensive coverage on Cross-border RMB products and services portfolio and ABC Singapore Branch's eagerness in bringing business ties between offshore and onshore ABC branches to greater height. Furthermore, it has also created yet another new business dimension for ABC Singapore Branch for future growth following the successful precedent of RMB Export Trade Refinancing business, RMB Bond Investment and last but not least, Cross-border RMB Settlement Refinancing business.