The Chinese firm had fewer than 180 days to put together the dollar liquidity to pay for GE’s home appliance business. Its trading head tells CT how it was done and why it now uses a specialist FX trading platform
As a dollar-reporting company largely exposed to the renminbi – a currency that is depreciating against the US dollar – what would you do to cut the losses?
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.
Speaking at the Asian Financial Forum last week, CLP’s CFO and GE’s Asia treasurer shared how they plan to use the renminbi for funding and manage the currency’s risks.