Most Sustainable Trade and Supply Chain Finance Initiative goes to United Overseas Bank

The customer was committed to improving the energy efficiency of its Plaza building and sought an energy efficient lighting replacement solution from one of the energy solutions providers. The bank connected the two customers by providing a tailor-made non-recourse green Account Receivable Purchase solution.

The bank’s solution offloaded buyer’s payment risk, accelerated sales collection, and had an off-balance sheet treatment—a long-term financial solution to manage the long-term accounts receivable without placing the burden on its balance sheet. 

This winning initiative demonstrated the bank’s seamless collaboration across business segments and laid the foundation for the first green financial solution applied by the buyer. 

For its achievements, the award for the Most Sustainable Trade and Supply Chain Finance Initiative goes to United Overseas Bank for its ‘Green non-recourse Account Receivable Purchase solution’.