HSBC is offering treasurers self-managed virtual account management capabilities in Hong Kong and Singapore, pipping Citi whose solution only extends as far as Europe
Asia regional treasurer of General Mills Christopher Emslie tells CT why it ignored the bad press to choose troubled German bank DB for its cash and liquidity management offering
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.
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.
As cash-strapped banks offer high rates for long-term deposits, a wise treasurer tell CT he's sticking to one-month deposits. After all, rates can only go up as liquidity is squeezed further.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.
Money stranded in local accounts in foreign currencies is a perennial problem for treasurers. TPV Technology's treasurer tells CT how he worked with JP Morgan to tackle it.
As the virtual currency's value explodes, one expert sees a day where it becomes a vital part of the treasury arsenal ... or even replaces the corporate treasurer entirely.