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Green Finance / Treasury & Capital Markets
StanChart debuts sustainable account with LMS
Financial framework designed to optimize palm oil company’s cash flow, working capital
The Asset 23 May 2024

Standard Chartered has implemented a sustainable account with a liquidity management structure (LMS) for Musim Mas, a Singapore-headquartered integrated palm oil company.

This financial framework is designed to optimize the palm oil company’s cash flow and working capital across its entities while incorporating environmental, social and governance (ESG) factors.

This bespoke structure supports Musim Mas with the management of working capital mismatches across its Singapore entities, driving greater efficiency and integrating considerations that align with its commitment to sustainability.

The company chose Standard Chartered to deliver on the LMS because, it says, the bank’s global presence and capabilities will provide it with a one-stop-solution for its potential future liquidity management requirements.

The sustainable account, launched in Singapore in 2022, supports clients embedding sustainability objectives into their cash management while maintaining access to their funds. Balances in a sustainable account are referenced against the bank’s sustainable assets as captured in its Sustainable Finance Impact Report.

This specific structure won the Best Liquidity and Investments Solution at The Asset Triple A Treasurise Award 2024, which are industry recognitions awarded to companies and financial institutions that have launched or implemented initiatives in corporate treasury management, trade finance, supply chain or risk management.

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