Tag: sweeping

The Thai oil giant's multi-billion dollar war chest will go partly on Asean. Centralised treasury will make it more efficient.

Thailand’s petroleum giant tells CT how it centralised cash and liquidity management to cut down its minimal working capital requirement and support more investments.

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.

DSM and Deutsche Bank have partnered to establish automated renminbi sweeping cross-border from China outside of the Shanghai free trade zone (FTZ).

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.

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.

Working with RBS, Sonepar has successfully implemented a cross-border renminbi cash pooling structure within the Shanghai free trade zone. The first sweep was completed from Hong kong to Shanghai.

Baoxin Auto has greatly increased its liquidity through non-quota based renminbi two-way cross-border sweeping in the Shanghai free trade zone (FTZ).

The Finnish manufacturer’s financial controller Michael Hui on improving liquidity, and reducing its tax burden in China.