New DBS service to help SMEs lock in FX rates in advance

SecureFX aims to aid businesses to secure FX rates for payments of up to US$1m without requiring credit lines.

DBS introduced SecureFX, a new foreign exchange (FX) that aims to help small and medium-sized enterprises (SMEs) lock in FX rates up to one month in advance.

SecureFX aims to aid businesses to secure FX rates for payments of up to US$1m without requiring credit lines or incurring additional costs.

The service is available through DBS IDEAL, the bank’s corporate banking platform.

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