If Twitter found that a 140-character limit was not enough, why are payment messages still confined to that number? Deutsche Bank thinks it’s time to use the 15-year old ISO20022 message format, but the road to ...
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.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
The growth of e-payments in China could cause major headaches for its central bank's monetary policy, including making depositors more sensitive to rates.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.