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  Who's Who in LC World - Online

Soh Chee Seng


 

 
Name

Mr. Soh Chee Seng

Position

DCTrade Consultant

Contact Info

cheeseng@pacific.net.sg 

 

 

Soh graduated with a Bachelor of Commerce with First Class Honors in 1973 from the Nanyang University, Singapore. He also attended the Advanced Bank Management Program, conducted by the Asian Institute of Management in Manila, in 1986.

He started his 25 years career in banking in 1976. He was Head of Export Bills Section with Overseas Chinese Banking Corporation Limited, Singapore, a position he held until 1981. In 1981, he moved to Sumitomo Bank Limited, Singapore Branch, where he was the Assistant Manager of Bills Department for one and half years until 1982.

Between 1982 and 1996, he was with United Overseas Bank Limited, Singapore, where he held the position of Vice President of Trade Services, dealing primarily in trade finance operations and marketing. In 1996, he was seconded to Chung Khiaw Bank (Malaysia) Bhd in Kuala Lumpur, Malaysia, where he held the position of Head of Trade Services until 1997.

In 1997, he joined Trade Services Department of Overseas Union Bank Limited, Singapore as Vice President and Head of Trade Services Department until December 2001. Altogether, he has about 25 years of experience in banking industry, at least 20 years of which he was primarily dealing with trade finance and documentary credit.

Soh is Singapore representative for the ICC Banking Commission and a member of the Task Force on International Standard Banking Practice (ISBP). He is also a member of the Task Force on UCP Review and the new UCP 600 Drafting Group. The ICC Banking Commission, which comprises international banking experts from various countries, acts to prepare new uniform rules, update existing uniform rules for documentary credits, collections and bank-to-bank reimbursements and to adapt international standard banking practices to automatic data processing techniques. It is responsible for drafting the revisions of the Uniform Customs and Practice for Documentary Credits (“UCP”), including the current version, UCP 500. It also provides definitive guidelines and opinions to bankers in different countries.

Among the 12 members of the Task Force on ISBP, he is the only member from Asia. He is also the only Asian member in the UCP 600 Drafting Group.

Apart from the ICC Banking Commission and the various working groups in which Soh is actively involved, he is also a technical consultant on trade finance issues to the Association of Banks in Singapore.

Soh has been invited by the institutions and banks to lecture on the subject of documentary credits, trade finance, trade frauds and risks management extensively in Asia. He has also been invited to lecture on the subject of International Standard Banking Practice as reflected in the UCP 500 for the judges from the Supreme People’s Court of China. He is also frequently invited by the Institute of International Banking Law and Practice, Inc. as a panel speaker in the Annual LC Survey in Asia, America and Europe.

Currently, Soh practices under the name and style of DCTrade Consultants, providing his services as expert witness and as a technical consultant and trainer on trade finance matters.




 

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