hsbc-scores-cash-mandate-from-retailer-liz-claiborne

HSBC scores cash mandate from retailer Liz Claiborne

The new mandate has HSBC providing an integrated cash management and trade service to help consolidate and simplify liquidity for Liz Claiborne.
HSBC has won a mandate from Liz Claiborne to provide cash management services across Asia-Pacific for the retail design and marketing company.

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...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222