Tag: accounts

Fundraising and factors that inform a bank’s decision on whether to extend it is one that can keep treasurers, particularly for smaller firms, on tenterhooks. Companies can greatly increase their chances of success by providing thorough financial information to banks and adopting an open, transparent approach, a credit data expert told CT.

Automation of accounts receivables (AR) is advancing at a rapid pace, mirroring progress in technology for processing payments, which represents the other side of the receivables coin

China treasurer Sean Feng Hai explains German auto company, Continental's strategic decision to embrace Shanghai’s FTZ.

China treasurer Sean Feng Hai explains German auto company, Continental's strategic decision to embrace Shanghai’s FTZ.

China has finally announced details on how renminbi can be moved via the Shanghai free trade zone for current account business. Greater convergence between onshore and offshore FX curves are expected on the back of it.

The Shanghai Free Trade Zone (FTZ) will use special accounts to allow trade settlements and trade finance in renminbi, effectively establishing an “offshore” trade centre within its borders.