citi-wins-cash-mandate-from-nxp-semiconductors

Citi wins cash mandate from NXP Semiconductors

Under the new mandate, Citi will provide NXP with a range of cash management services across the Asia-Pacific.
Citi has been awarded a new mandate by NXP Semiconductors to provide a range of cash management services across Asia-Pacific.

The mandate covers NXP entities in Australia, Hong Kong, India, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.

The mandate win will see NXP supplement its collection and payment solutions with a centralised cash pool for more effective liquidity management.

Ivo Distelbrink, head of cash and trade sales Asia-Pacific, says We addressed NXP's main objective of maximising liquidity from its Asia operations into NXP's London global treasury account. To do this we went well beyond the easy convertible countries and included US dollar liquidity from a number of traditionally more difficult countries into...
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