Related News
Bank of China signs clearing services deal
Online Edition
Bank of China, the country’s fourth-biggest lender, signed an agreement with Deutsche Bank today to expand its international US dollars clearing service in the United States, according to the German lender’s statement today.
Bank of China New York Branch will utilize Deutsche Bank’s US dollar cross-border clearing solution to process international payments for US customers. This service will provide Bank of China customers with the benefit of payment principal preservation and end-to-end pricing transparency, according to Deutsche Bank.
“We chose to expand our existing cash management relationship with Deutsche Bank to provide our clients with this unique service that results in greater pricing transparency for individual US dollar payments entering the US,” Wang Shihui, executive vice president and chief operating officer at Bank of China USA, said. “Looking forward, there are many opportunities where we can work together to provide the best value for our clients.”
Jeffrey Bisig, North America head of cash management for financial institutions sales at Deutsche Bank, said: “Bank of China will become the first Chinese bank to utilize and benefit from our new service which is of growing importance as payment flows continue to increase between the US and China.”
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
