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China’s CMB selects Deutsche for multi-currency trade payments
19 September 2011
China Merchants Bank sign to use Deutsche Bank tools to expedite intra-Asia payment flows.
Read more:
Deutsche bank
China Merchants Bank
Asia Accelerator
cash management
intra-Asian settlements
John Ball
memorandum of understanding
China Merchants Bank (CMB) and Deutsche Bank have signed a memorandum of understanding (MoU) for the establishment of a closer global relationship in multi-currency cash management cooperation.
Under the terms of the MoU, Deutsche Bank will provide CMB with a dedicated operational and service support team and with Asia Accelerator, its newly-launched solution to expedite intra-Asia payment flows.
Asia Accelerator was...
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