BofA Merrill GTS Enhances China Treasury Management Solutions
Bank of America Merrill Lynch Global Transaction Services (BofA Merrill GTS) has enhanced its suite of end-to-end China treasury management solutions.
The proprietary China online balance of payments (BOP) declaration module is promoted as the latest market-specific solution developed by Bof A Merrill to allow its China treasury management client base to better navigate the ongoing liberalisation of the country’s regulatory landscape.
The benefits of the module include:
“From a processing point of view, our ability to help drive a higher ratio of electronic foreign exchange (FX) payments and receipts via our innovative BOP module provides a distinct processing advantage to our clients in China, allowing businesses to focus on core competencies,” said Cathy Dou, BofA MErrill’s head of global transaction services, China.
“By improving efficiency, enhancing available resources and reducing operational risk for our clients in China, BofA Merrill is rapidly building on its differentiated and scalable offering in China and pleased to introduce this new model.”