HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
As one of the world’s most important banks for treasurers pivots to Asia, CT speaks to HSBC's head of cash & payments, Kee Joo Wong about the implications for corporates.
CT's Working Capital Chronicle has been updated. New deals include: Trafigura's revolving credit facility; Hyva's RMB interco. loan; ExxonMobil's electronic trade finance strategy.
Royal Bank of Scotland wins cash mandate with IATA; Standard Chartered and Agricultural Bank of China start clearing in UK time; and China Citic Bank all set for e-Docs.
The Corporate Treasurer is launching its ‘Cash Mandate Chronicle’, a submission-based deal table benchmarking innovative cash mandates in Asia-Pacific. We want YOUR submissions.
ANZ has hired Gresham Computing to help launch a new cash management suite. It's only available in Australia but the bank hopes to roll it out to Asia-Pacific clients within a year.