In this month’s Working Capital Chronicle, HSBC was mandated as LME’s renminbi concentration bank. Meanwhile Deutsche Bank and Citi also run innovative cash deals.
BP Petrochemicals transacted the first automated multi-bank bank payment obligation (BPO) over the last week of April for a Europe-centred transaction.
Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to ...
Global trade flow volumes have declined in 2012, dwindling to $37.7 billion and registering 217 deals in the year. This is down from $40.5 billion and 593 deals recorded in 2011.
Asia hosts some of the most sophisticated cash management systems; but does a multi-currency pool make sense for your company? CT looks into the pros and cons.