RegionsChinaStandard Chartered Sets up HK Multi-currency Notional Pool for Huawei

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.

Comments are closed.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

2y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y