Foreign Exchange
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
1 day ago
China and New Zealand renew currency swap facility
It is valid for 5 years and has been renewed three times before.
StanChart, Ant Int’l introduces AI powered treasury and FX solution
It aims to lower FX costs and enhance risk management for Ant Int’l and its clients.
Citi teams up with Ant to improve airline FX solutions
The Falcon TST Model can predict future data points by learning patterns using AI.
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
Citi names Nathan Swami as head of markets for Singapore
Smith Smithangura is retiring by the end of June 2025.
Lloyds, BNP Paribas launch new FX algorithmic execution service
Clients are expected to execute large FX trades more efficiently.
Barclays integrates Ant Int’l model to FX hedging platform
Ant Interntional has completed the first batch of intra-group FX transactions with Barclays.
J.P. Morgan unveils automated cross-currency payment collection and settling service
It allows invoice and collection in one currency, and payment setting in another.
Revolut rolls out five new currencies including Chinese Yuan
Users can now hold and exchange 39 different currencies directly in-app.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Japan, India renew bilateral swap agreement
The size of the BSA remains unchanged at $75b.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
Krungsri teams up with food manufacturers to launch green FX program
Customers who achieve predefined ESG targets can get reduced costs.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
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