Working with RBS, Sonepar has successfully implemented a cross-border renminbi cash pooling structure within the Shanghai free trade zone. The first sweep was completed from Hong kong to Shanghai.
Valspar has added renminbi to its global cash pool currencies through a dividend payment to its US headquarters and has future plans for the Shanghai free trade zone (FTZ).
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.
A survey of India’s top companies reported general satisfaction with their banking relationships, although services in money markets, short-term debt, and liquidity management fared less well, according to East & ...
A survey of China’s top companies reported a marked dissatisfaction with trade finance and liquidity management services, products they also ranked as among the most important, according to East & Partners.
Standard Chartered tops the ratings for the quality of its payment processing services provided in Asia-Pacific, based on East & Partners research. HSBC follows, while Citi's performance has waned in the last year.