PBOC issue detailed implementation rules on MNCs cross-border RMB cash pools
by Kylene Casanova
Opens door, from June 2015, for eligible multinationals outside the FTZ in China to also have a RMB cash pool
Cash & Liquidity Management
Background
Effective liquidity management is as much an art as a science. The main objectives of cash and liquidity management are to free up all the company's cash whilst minimising processing costs, to…
Read moreCashfac Technologies launch range of pre-packaged best practice cash management cloud applications
by Kylene Casanova
Cashfac provide their Virtual Banking Technology platform on the cloud to deliver cost-effective packaged solutions for specific industry segments and business functions
BofA Merrill demonstrate continued commitment to payment card services
by Kylene Casanova
Global Card Capabilities for corporates and Public Sector clients expanded with expanded footprint, enhanced delivery capabilities, new B2B and technology solutions
RMB reaches record levels of payments activity between offshore centres
by Kylene Casanova
The ‘unstoppable march the of RMB’ as 28% of securities settlement confirmations in RMB were done outside China and Hong Kong, compared to 16% during the same period two years ago
China ends UnionPay card clearing monopoly as card payment card market freed up
by Kylene Casanova
US companies no longer discriminated against in China. Amex, MasterCard and VISA will now invest heavily
BEPS: Don’t worry the new transfer pricing legislation will roll out slowly
by Kylene Casanova
Some accounting tax experts suspect that only the rules for exchange of tax data will be implemented, and the local tax changes will take ‘for ever’
MyBank SEPA Direct Debit Core Mandates solution goes live across Eurozone
by Kylene Casanova
Consumers and corporates can now agree online and in real time that their account can be debited
FRIDAYclub: Lessons and take aways from Eurofinance, Budapest
by Kylene Casanova
Two leading experts on corporate treasury technology - Palle Dedenroth - Danfoss, and Bengt Elvinsson, Corning - discuss their conclusions on the products and sessions at Eurofinance last week
New bond index tracks performance of offshore RMB sovereign and corporate debt
by Kylene Casanova
Launch of Hang Seng Markit iBoxx Offshore RMB Bond Index Family
Citi launches automated RMB cross-border sweeping from China to London
by Kylene Casanova
Pentair link their Shanghia FTZ entity to their London based global cash pool
Some bankers do have their head in the sand (luckily most don’t)
by Kylene Casanova
Chris Skinner’s rant after chairing an Eurofinance Conference session in Budapest last week on ‘Threats and opportunities: Banking on the edge?’
RBS’s Carole Berndt shows way forward for the cash management & transaction banking business
by Kylene Casanova
Get on the right side of disruptive innovations. As banks adapt, survive and thrive they will have to do less, while doing it better. Bank alliances won't be the basic partnerships of the past
China’s SAFE streamlines foreign exchange rules
by Kylene Casanova
SAFE’s changes to foreign exchange rules will help corporate treasurers locate regulations covering their transactions more easily
Citi launches Treasury Vision Liquidity Manager with daily visibility into Citi accounts and balance
by Kylene Casanova
DENSO first to pilot TreasuryVision Liquidity Manager
Bloomberg Swap Execution Facility in first year completes nearly 150,000 trades
by Kylene Casanova
Emergence of “packaged” trades allowed participants to better mitigate risk, and new multilateral trading facility (MTF) in Europe in development
Worldline selects MyBank e-mandate service to introduce an SEPA direct debit service
by Kylene Casanova
Banks and service providers sign up as launch date nears of MyBank e-mandate service nears
BPO is most popular with smaller trade banks in Asia-Pacific
by Kylene Casanova
BPO needs more players to take off as the larger banks not ramping up their programmes
CNY, euro direct trading is now live
by Kylene Casanova
No longer have to exchange via the US dollar
Update on Eurofinance International Conference, Budapest 15-17 October 2014
by Kylene Casanova
Full agenda just released; New Treasury Stage in exhibition for 15 minute talks; 5 new companies confirmed to speak, as well as 100+ speakers on ‘How to get the right side of disruptive innovation'
Honeywell mandate to Stan Chartered for trade & cash management services in Iraq
by Kylene Casanova
Even in war torn countries, commercial life - cash management and credit lines - continue
Deutsche Bank’s New Optimized Payment Liquidity Solution for FIs shows future
by Kylene Casanova
Deutsche’s services for their partner banks shows how the cash management business is developing
TransCentra enhances Remote Deposit Capture service in North America
by Kylene Casanova
Adding improved security, single platform for RDC and remote lockbox
Billentis research shows huge cost savings in adopting e-invoicing: €11+/invoice
by Kylene Casanova
Part I: E-invoicing market penetration is still low, but there are ways to overcome the major challenges
Bitcoin: handle very carefully, and only accept when proven and becomes essential
by Kylene Casanova
PayPal and corporates are reviewing how it might work for day-to-day payments AND showing extreme caution