25 September 2016
Find out more

China Citic extends Deutsche Bank FX4Cash service to corporate clients

19 September 2011  |  4868 views  |  0 China Citic extends Deutsche Bank FX4Cash service to corporate clients

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)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Bank GTB selects TCS platform

Deutsche Bank GTB selects TCS platform

14 December 2010  |  11620 views  |  0 comments
Deutsche Bank puts TSU to the test with first live corporate

Deutsche Bank puts TSU to the test with first live corporate

28 October 2010  |  14567 views  |  0 comments
Asia target for Deutsche dark pool trading

Asia target for Deutsche dark pool trading

23 August 2010  |  7084 views  |  0 comments
Deutsche Bank takes stake in Eurogiro

Deutsche Bank takes stake in Eurogiro

20 January 2010  |  7603 views  |  0 comments
Deutsche Bank marches on China

Deutsche Bank marches on China

14 September 2009  |  4632 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit dh.comFind out more

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13511 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12989 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
11215 views comments | 43 tweets | 28 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8343 views comments | 16 tweets | 25 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
7053 views comments | 12 tweets | 5 linkedin

Featured job

to £100K base, double OTE
London, UK

Find your next job