Anglo-Eastern, a provider of ship and crew management as well as shipbuilding consultancy services, has chosen, piloted and launched Deutsche Bank’s cross-currency payments solution, FX4Cash. With FX4Cash, Anglo-Eastern can offer its own client base a global cross-currency payments solution that complements its own ship management. FX4Cash combines Deutsche Bank’s foreign exchange (FX) with its global cash management, providing global cross-currency payment solutions for corporate and financial institutions. Access is offered via SWIFT, the Internet and host-to-host solutions. The FX4Cash system can also be customised at a client level to meet the needs of financial institution and corporate customers around the world. Mark Stevenson, financial director, Anglo-Eastern, said: “At Anglo-Eastern, our client financial management system requires us to manage the multi-currency payment flows of our clients throughout the shipping industry. Deutsche Bank’s new cross currency platform, FX4Cash, allows us to do that effectively and efficiently, ensuring payments reach port agents, manning agents and other payees on time and in the desired currency of the beneficiary.”
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