31 July 2014

China Citic extends Deutsche Bank FX4Cash service to corporate clients

19 September 2011  |  4249 views  |  0

China Citic Bank is to extend the use of Deutsche Bank's FX4Cash system beyond its retail base to provide global cross-currency payments processing for its corporate clients.

In 2008, China Citic was the first financial institution in the country to sign up for Deutsche's FX4Cash to serve its retail clients in Asia.

The Chinese bank says it will now use the system to offer corporate treasurers seamless access via Swift, Internet and host-to-host channels for cross currency payments from one of 20 funding currencies to up to 125 local currencies - via wire, cheque and ACH - across more than 160 countries.

The two banks signed a Memorandum of Understanding commemorating the deal at the international Sibos conference in Toronto, Monday.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

14 December, 2010
28 October, 2010
23 August, 2010
20 January, 2010
14 September, 2009

Related company news

 

Featured job

to £80k base, double OTE, stock options
London, UK or Germany / Austria / Switzerland

Find your next job