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Don't shoot the ATM, it's just a distribution tool: banks

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HYFLUX SAGA: Don't shoot the ATM, it's just a distribution tool, say banks

The three local banks - DBS Bank, OCBC Bank and United Overseas Bank - have been offering retail securities such as equity offerings, retail bonds and rights issues via their ATMs since 1993.AS RETAIL investors cast about for someone to blame for their Hyflux woes, the ATM is the latest in the firing line.

But the ubiquitous ATM is just a distribution channel, said bankers. One pointed out that distribution is not the same as a sale

 

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