HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
As one of the world’s most important banks for treasurers pivots to Asia, CT speaks to HSBC's head of cash & payments, Kee Joo Wong about the implications for corporates.
Chinese telecommunications giant Huawei signed a deal to secure its European smartphone receivables with trade credit insurance through Euler Hermes on June 19.
CT's Working Capital Chronicle has been updated. New deals include: Trafigura's revolving credit facility; Hyva's RMB interco. loan; ExxonMobil's electronic trade finance strategy.
Royal Bank of Scotland wins cash mandate with IATA; Standard Chartered and Agricultural Bank of China start clearing in UK time; and China Citic Bank all set for e-Docs.
Advertising industry reps took to the front page of the Financial Times to gripe about clients extending payment terms. CT looked at the accounting statements of the largest publicly-traded agencies in Asia and the ...