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Pentair and Citi pull off China automatic RMB sweeping

A newly established renminbi sweeping solution in the Shanghai FTZ enables Pentair treasurers to incorporate the Chinese currency into its global liquidity pool.
Pentair and Citi pull off China automatic RMB sweeping

Citi and Pentair established an automated renminbi cross-border sweeping programme from China to London in August through a Shanghai Free Trade Zone (FTZ) structure, the bank confirmed.  

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