Mandates and payments roundup, March 1

Deutsche Bank launches new offshore renminbi trading capabilities, while HSBC inks an alliance with Swift and SAP for a new treasury system.

Deutsche Bank launches offshore renminbi trading capabilities

Deutsche Bank has launched offshore renminbi CNH trading on Autobahn FX, its global electronic foreign exchange trading platform. The platform is web-based and provides corporate and institutional clients with access to pricing and liquidity.

“CNH is the most significant market development Asia has witnessed in recent years,” said Michele Wee, Asia head of electronic FX and fixed income sales at Deutsche Bank, in a statement. “Adding CNH to Autobahn FX provides corporate clients with an easy, efficient means to meet their CNH trading needs.”

According to Jens Scharff-Hansen, co-head of FX trading for Asia at Deutsche...

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