Payments

China's State Administration of Foreign Exchange (SAFE) has approved three securities firms to carry out pilot business in foreign exchange (forex) settlement and sales

The banking-as-a-service (BaaS) solution will allow HSBC to distribute its foreign exchange (FX) services to clients, as global trends increase the need for around-the-clock access to liquidity.

The latest Kyriba report shows how the rising US dollar and war in Ukraine impacted corporate earnings in the first three months of the year through foreign exchange (FX) volatility.

A recently published report highlights the importance of quantifying currency exposure and minimising foreign exchange (FX) risk for corporate treasurers.

Despite protectionist rhetoric, global trade and the consequent use of FX is driving big changes and opportunities in how treasuries manage their exposure.

The FX watchdog is intensifying its crackdown on illegal currency outflows, naming and shaming perpetrators at a greater frequency than before.

China’s leading optical device manufacturer has seen the equivalent of $29 million wiped out on the back of the renminbi’s devaluation. Meanwhile, the PBoC’s latest move is adding to its pain.

It has been an unprecedented period of calm in the foreign-exchange markets, but corporate treasurers should not be complacent. Here’s why.

The three organisations are looking to leverage blockchain technology and digitise M1 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements.

CT takes a look at the pillars of a good foreign exchange management plan – risk position, risk strategy and risk controls

With the foreign exchange market looking at increasing uncertainty in the year ahead, how you manage your foreign exchange risk will be crucial to success in the year ahead.

Relaxed foreign exchange measures are aimed at improving the business environment for domestic enterprises and overseas investors