The two banks capitalised on the significantly high number of non-flow and non- leverage products distributed in 2020 - 4,123 and 3,402, respectively. South Korean securities houses and Thailand’s Phatra Securities saw their selling activities subdued in line with the overall shrinking of the domestic markets.

Taiwan’s structured products market alone saw 4,123 notes issued and distributed by DBS Bank which also sold six structured deposits and 14 notes in China, according to SRP data . The Singapore bank’s total sales at US$11.5 billion which represents 3.8% of the Apac market share and a 104.2% growth for DBS compared to 2019. As reported, the increase was driven by rising demand for small ticket sizes starting from US$100,000 throughout 2020. “ This is a niche DBS Taiwan has fou

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