Chronicle update: China x-border deal focus
Mar 3, 2015
Freescale conducts automatic USD sweep from China
Freescale has set up a US dollar collect-and-sweep solution with JP Morgan, connecting Tianjin and its HK regional treasury.
exas-based semiconductor manufacturer, Freescale, has implemented a cross-border sweeping solution with JP Morgan from an account in Tianjin to its regional treasury centre in Hong Kong. The solution has been live since January, according to a JP Morgan spokesperson.
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