The global bank says it will provide a range of services including standardisation and optimisation of cash management across Asia-Pacific to help reduce both direct and indirect costs enable efficient use and allocation of funds across regions efficient payment instruments and a platform to support the client's merger and growth goals across Asia.
Richard Jaggard, head of sales, global payments and cash management, Asia-Pacific HSBC, says In the current market environment, short-term funding is relatively expensive and will be more so with the increased cost of credit. Therefore by concentrating short-term borrowing...
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