Deal news: RBS wins IATA cash mandate; StanChart and ABC UK renminbi clearing; Citic introduces e-Docs

Royal Bank of Scotland wins cash mandate with IATA; Standard Chartered and Agricultural Bank of China start clearing in UK time; and China Citic Bank all set for e-Docs.

By Daniel Flatt, Dan Bland

Dec 3, 2013

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Royal Bank of Scotland clears payments for the skies
Royal Bank of Scotland (RBS) announced November 29 a mandate to help the Canada-headquartered International Air Transport Association’s implement the bank’s payment collection product, SmartCollect, as well as cash management services.

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