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
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
