deutsche-launches-global-cash-and-fx-service

Deutsche launches global cash and FX service

The bank introduces a global foreign exchange service for corporate and financial institutional clients to help address their cross-currency payment requirements.
Deutsche Bank has launched a foreign exchange payments service for corporate and financial clients with global cross-currency payment needs.

The new product, fx4cash, offers seamless access via Swift, internet and host-to-host for clients to make cross-currency payments from 18 funding currencies to more than 75 local currencies. FX capabilities will also permit real-time streaming, fixed and benchmark rates.

ôBanks in Asia have started to realise they need to consolidate their corresponding bank accounts and to reduce the number of US dollar, euro and other currency accounts,ö says Kefei Chang, director of fx4cash product sales for Asia-Pacific at Deutsche Bank. ôOur product helps them to achieve this without sacrificing their capability to enable their customers to...
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