Cash & Liquidity ManagementCash ManagementNetting/PoolingCiti Launches Multi-currency Notional Pooling with RMB Capability in China

Citi Launches Multi-currency Notional Pooling with RMB Capability in China

Citibank (China) Co (Citi China) is launching a multi-currency notional pooling with renminbi (RMB) capability, making it the first bank in China to offer a tool of this kind under its liquidity management product offering.

As one of the most advanced liquidity management solutions available to companies, multi-currency notional pooling is widely used at international financial centres such as London and Singapore. Often adopted by corporate treasury centres to efficiently manage cash flow from a centralised location, the solution can also help corporates manage cash in multiple currencies as a single position without altering foreign exchange (FX) exposures or having to perform FX swaps.

“The multi-currency notional pooling feature is a leading cash management tool and will significantly enhance the efficiency of our clients’ liquidity management,” said Yigen Pei, country head of Citi’s transaction services for China. “The introduction of RMB capability further underlines the importance of RMB as a strategic currency in treasury management and should also help promote Shanghai’s position as an international financial centre.”

With the multi-currency notional pooling solution, each account retains autonomy within the pool. The currency and account type of balances do not change and balances in different currencies are not co-mingled, but notionally aggregated. By doing so, corporate treasury centres can effectively leverage internal funding across currencies, and in turn, benefit from FX cost reductions and increased operational efficiencies.

Related Articles

AccessPay appoints Tim Butchart as Chief Revenue Officer

Cash Management Regional AccessPay appoints Tim Butchart as Chief Revenue Officer

3m Jay Ashar
Standard Chartered to strengthen cash management in Europe

Cash Management Standard Chartered to strengthen cash management in Europe

4m Jay Ashar
J.P. Morgan unveils new liquidity management platform

Cash & Liquidity Management J.P. Morgan unveils new liquidity management platform

4m Jay Ashar
UX design for cash management

Cash Management Regional UX design for cash management

5m Shaahin Mohammadi
Citi TTS partners with software fintech to simplify cash management

Cash Management Citi TTS partners with software fintech to simplify cash management

5m Austin Clark
Bank of America joins the Marco Polo Network

Accounts Receivable Bank of America joins the Marco Polo Network

5m Jay Ashar
Justin Meadows joins FXD Capital as Non-Executive Director

Cash & Liquidity Management Justin Meadows joins FXD Capital as Non-Executive Director

5m Jay Ashar
ANZ turns to Gresham for cash management solution

Cash Management ANZ turns to Gresham for cash management solution

5m Jay Ashar

Whitepapers & Resources

Transaction Banking Survey 2019

Transaction Banking Survey 2019

5m
TIS Sanction Screening Survey Report

Payments TIS Sanction Screening Survey Report

8m
Enhancing your strategic position: Digitalization in Treasury

Payments Enhancing your strategic position: Digitalization in Treasury

9m
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

1y