Standard Chartered Sets up HK Multi-currency Notional Pool for Huawei
Standard Chartered Bank has set up a multi-currency notional pool for Huawei Technologies Co’s regional treasury centre in Hong Kong.
The bank set up the pool for Huawei, a major information and communications system provider and China’s largest telecoms equipment maker, by integrating various currencies such as US dollar (USD), euro (EUR) and yuan (CNY). The notional pool went live in June.
Huawei virtually pools together multiple entities for a holistic view of its aggregate cash positions, which improves visibility and efficiency in liquidity management.