CorporateTreasurer

Philips tests cross-currency netting in China

Intra-group cross-border transactions are netted monthly into Renminbi through netting settlement centres, across nine mainland entities. The solution, via HSBC, unlocks working capital, and is exposed to the valuation of the under pressure Rmb.

Please register to continue reading.

VIP members enjoy unlimited free access, while others can register for unlimited access through a paid subscription. Join us to stay informed and engaged!

LATEST