Standard Chartered Bank has set up a multi-currency notional pool for Huawei Technologies Co’s regional treasury centre in Hong Kong.
The bank set up the pool for Huawei, a major information and communications system provider and China’s largest telecoms equipment maker, by integrating various currencies such as US dollar (USD), euro (EUR) and yuan (CNY). The notional pool went live in June.
Huawei virtually pools together multiple entities for a holistic view of its aggregate cash positions, which improves visibility and efficiency in liquidity management.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
Direct carrier billing is currently a competitive payments industry in Europe, but will it flourish under PSD2? EE and Microsoft think so.