Tag: pentair

The sweeping of renminbi to outside of China is getting easier. Arup Group’s recent transaction is just another example in a recent swathe of deals.

Pentair's senior treasury director Terri Scherber takes CT through its new automatic renminbi sweeping and how it is integrating China into global treasury.

CT's Working Capital Chronicle has been updated. New deals include: Citi's automatic renminbi cash sweeping programme with Pentair; As well as Huawei and Honeywell's cash management solutions with Standard Chartered Bank.

A newly established renminbi sweeping solution in the Shanghai FTZ enables Pentair treasurers to incorporate the Chinese currency into its global liquidity pool.