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TCC Group selects DBS’s multi-tier bank account pooling structure
TCC Group, a ship-owning company, is working with DBS to establish a cross-border cash pool solution to cater for its growing cash requirements.
In February, TCC Group signed an agreement with DBS to implement a multi-tier account pooling structure. The structure is designed so centralised funds can be pushed to parts of the business that requires cash most. The project will begin in June and will cover the ship-owner’s operations in both Hong Kong and Singapore.
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