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HSBC has launched a receivables reconciliation product for FMCG clients. The British bank is targeting pharma and insurance clients with a similar payments profile next.
SWIFT gives corporations their own space at the annual SIBOS conference but went a little too far at Osaka 2012.
The US bank has added notional pooling to its global liquidity cash management platform. The project has been in the works since 2009.
Outside of China and Hong Kong, 47% of payments made in renminbi are conducted out of Europe, says SWIFT.