Citibank (China) Co., Ltd. is launching a multi-currency notional pooling with RMB capability, making it the first bank in China to offer a tool of this kind under its liquidity management product offering.

 

The multi-currency notional pooling solution will help corporates manage cash in multiple currencies as a single position without altering FX exposures or having to perform FX swaps. Each account retains autonomy within the pool. The currency and account type of balances do not change and balances in different currencies are not co-mingled, but notionally aggregated. By doing so, corporate treasury centers can effectively leverage internal funding across currencies, and in turn, benefit from FX cost reductions and increased operational efficiencies.