European banks are potentially being priced out of the notional pooling market due to International Financial Reporting Standards (IFRS) and Basel-III implementation.
Baoxin Auto has has claimed frontrunner status in the Shanghai tree trade zone (SFTZ) with foreign currency borrowing from offshore markets through HSBC.
CT's Working Capital Chronicle has been updated with new cross-border China cash management solutions from Freescale/JP Morgan, Keppel/Standard Chartered, and a commodities trading firm with HSBC.
Corporates in Indonesia are concerned over new Bank Indonesia rules designed to limit exposures to foreign debt, calling one particular provision “ridiculous”.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.