Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.
Thomas Tan, CIMB global sales, FX and transaction head offers advice to companies considering billing in local currencies to obtain better trade terms and improve group-wide hedging strategies.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
American scalable storage and data security firm Imation Corporation has sought a back-up liquidity line of 2 billion yen ($20 million) for its Japanese unit from GE Capital, based on the latter’s accounts receivable ...