A 7% slump in the renminbi's value as the winds of trade war blow has an unwanted consequence: 2016-style capital controls and difficulty in withdrawing money from the country.
With 60 banks now part of the Swift global payments initiative (gpi) network carrying out payments worth $100 billion a day, real-time cross-border funds transfer with full traceability is on the horizon
For corporate treasurers already mired in the costly, slow and opaque world of cross-border payments, ether could offer a real solution: real-time, cost-free, “crypto-payments” with the need to buy cryptocurrency.
Calling itself “friendlier than a bank”, Neat top-up cards have made giant strides in the retail market, but now they’re turning their attention to business customers
The ability to transfer money immediately across borders could become a reality soon but the use-case scenario depends on a treasurer’s unique work requirements, explains Kyriba.
Notional cash pooling avoids the physical transfer of foreign exchange, reducing FX risk. The US tech manufacturer's Yvione Zhou explains how it works in Asia.
The chemical giant is moving payments out of China to Thailand while switching hedging activities back to its Brussels head office. Its treasury team explains how it's going to work.
The regulator clarifies its relaxed rules on forwards settlement in FX and sets out several specific examples of financing needs for which treasurers can use such products to hedge.