Tag: netting

Intra-group cross-border transactions are netted monthly into Renminbi through netting settlement centres, across nine mainland entities. The solution, via HSBC, unlocks working capital, and is exposed to the valuation of the under pressure Rmb.

Intercompany netting has been a part of the accelerated treasury digitisation story in the wake of Covid-19. GTreasury’s Renaat Ver Eecke spoke with CT about why the time was ripe to acquire Coprocess.

Today: GTreasury to offer fully-integrated netting technology; digital payments firm expands in South-east Asia; and trade finance provider adds fraud prevention offering.

Samsung has introduced renminbi into its multi-currency payment netting portfolio with the help of Citi.

To develop its financial markets, Malaysia has enforced close-out netting on large of financial transactions, benefiting corporates.

Malaysia has officially enforced the netting mechanism for a wide range of financial instruments typically traded in its financial market.

CT's Working Capital Chronicle has been updated with new cross-border China cash management solutions from Freescale/JP Morgan, Keppel/Standard Chartered, and a commodities trading firm with HSBC.

Freescale has set up a US dollar collect-and-sweep solution with JP Morgan, connecting Tianjin and its HK regional treasury.

GE’s Alstom deal secures new production, but also a connection to Alstom’s top-notch China RMB treasury operations.

Tony Lam, treasurer for Valspar Asia, argued that current Shanghai FTZ netting rules drives costs, allowing banks in could save money.

How international logistics provider Dachser's in-house cash-netting strategy helped it lower exchange rate exposure by 80% and save monthly bank fees of €10,000 ($13,503).

Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.