FTZ: Sonepar completes two-way RMB pooling sweep
Jun 9, 2014
Top Tips: How to open a RMB account for cross-border sweeping
RBS’s Yi Xiong advises CT on processes for opening a renminbi special account for cash concentration cross-border in the Shanghai free trade zone (FTZ) and account management going forward.
Yi Xiong, RBS’s head of cash management product and liquidity for greater China, worked recently with French corporate Sonepar to establish a renminbi cross-border pooling structure in the Shanghai FTZ.
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