Overall Winner – Cargill Asia Pacific Treasury Ltd, Nyet Sian Kiew, in partnership with Deutsche Bank. Highly Commended Winner – Carlsberg Singapore Pte Ltd, Dawn Hoe, in partnership with Citi. This category acknowledges the special relationship between buyer and seller. Letters of credit, guarantees and open account trading are common. We are now seeing much greater use of automation in traditionally paper-based processes. Blockchain is also seeing some traction in the trade space.