Blockchain's first trade financing between two banks saved its customer days on paper processing, as an LC was transferred between the Commonwealth Bank of Australia and Wells Fargo.
According to Donald Trump, China is a prime currency manipulator. But a bank research note shows that this is not the case, by the standards of the US Treasury.
*Vietnam ready to start derivatives market
*Huawei enters China’s interbank FX market
*India to review guidelines for commodity hedging overseas
*Thailand to increase transparency for infrastructure funds
* Singapore promotes electronic payments
* RBI to alter corporate bond market regulations
* Indonesia launches portal to raise awareness of unregistered companies
The Hong Kong-based retailer’s treasurer tells CT why he is partnering with his core cash management bank for improved data management and cost savings.
*Korea to allow securities firms to raise more funds for corporate financing
*ASX opens RMB-denominated securities clearing
*HKMA promotes bank liquidity with new ratio
Banks say they are less than three years from deploying blockchain, but making the most of the technology depends on different institutions finding common ground.