RBS launches RMB cross-border cash pooling

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Middle East & Africa

Jonathan Bell

Editor-in-chief

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The Royal Bank of Scotland (RBS) has launched renminbi (RMB) cross-border cash pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone (FTZ). The move will enable these companies to integrate their China onshore RMB cash flow with their regional and/or global cash pools.