Shell Awards Pan-European Cash Management Mandate to ABN AMRO
The Royal Dutch/Shell Group’s European Oil Products business has awarded ABN AMRO a major cash management contract for its European Oil Products division, covering 18 countries. Under the five year contract, ABN AMRO will deliver a full range of cash management services, including cash concentration, payments, collections and management of partner banks, for Shell’s extensive network of wholesale and retail operations. ABN AMRO will receive through a central, bank independent, communication system all instructions in the region for settlement. All transaction enquiries will be routed through ABN AMRO.