Tag: bank of tokyo mitsubishi ufj

Bank of Tokyo Mitsubishi UFJ has hired Yong Lee Boon to run transaction banking in the region as the lender looks to grow its business in cash and trade.

UniCredit and Bank of Tokyo Mitsubishi have completed the world's first bank payment obligation between Japan and Germany. Once the obligation was triggered, the seller in the transaction sold its receivables to UniCredit in order to reduce its days sales outstanding.

Swift has recently published research providing up-to-date details on those running bank payment obligations. At present, 25 corporates are involved in live transactions.