Tag: rbs

The first-ever factoring BPO is evidence against the argument BPOs are a tool developed by bankers, for banker’s interests only.

Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to substantially reduce days sales outstanding.

RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.

We asked treasurers, market experts and scoured bank reports to compile a comprehensive reaction to China’s removal of the lending rate floor.

Standard Chartered has lured Mark Webster away from Royal Bank of Scotland (RBS) to run foreign exchange sales globally, a new position located in Singapore.

The Royal Bank of Scotland (RBS) has brought in Carole Berndt from Bank of America Merrill Lynch (BAML) to run transaction services globally.

UR BPO rules have been unanimously approved by the ICC clearing the way for the first multi-bank, automated deal to occur.

New rules outlining the practice for bank payment obligation (BPO) have been written and will be enforceable in July. Although a handful of BPOs have already been transacted, lack of guidelines prevented many bankers from using the supply chain tool.

The Bank of England and the China's central bank will sign a three-year FX swap agreement. Will this increase the use of renminbi for trade in the UK and Europe and what more needs to be done? CT asks the experts.

It's been argued the fall back in the influence of risk over FX implies that yields should take on more influence. If true, what does this mean for Asian emerging markets' currencies? CT asks the experts.

ANZ casts doubts over China's official data and analyses it with a fraud detection formula developed by twentieth century physicist Frank Albert Benford.

An agreement has been made to avert the US fiscal cliff, but are the political measures sensible and what does it mean for the US dollar? CT asks the experts.