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An innovative supplier tooling finance programme, designed by Citi, helped Rolls-Royce’s suppliers make precision parts for its engines. The ‘funding the unfundable’ supply chain finance (SCF) project means long-term tooling investments are made at good rates that leverage Rolls-Royce’s strong credit rating.
Political instability in many regions of the world coupled with currency and commodity volatility is sparking fresh interest in trade finance, Paul Cohen-Dumani of Switzerland's MIT SA tells gtnews.
Online hotel rooms service Hotelbeds implemented Citi’s InstantFX foreign exchange solution to mitigate currency exposure risk. Allied to an overlying hedging programme, it has cut monthly profit and loss (P&L) volatility by 60%.
When security worries keep US banks from meeting the market’s call for faster payments, what’s the answer - forego innovation or employ more innovative security? The experiences of the UK, Australia, Sweden, South Africa and elsewhere can inform the path of US banks.