Hyundai awards cash mandate to Citi

Hyundai Motor Company is implementing a global multi-currency notional pooling solution from Citi.

Citi’s treasury and trade solutions unit, part of its global transaction services (GTS) business, has been selected by Korea-based Hyundai Motor Company to help improve the company’s cash management efficiency. Hyundai implemented an automated multi-currency notional pooling solution, provided by Citi, to monitor the cash management of its subsidiaries and maximise the utilisation of its internal cash surplus.

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