Commerzbank’s Michael Rugilo and Barbara Herbert highlight the Renminbi opportunity in FX-MM Magazine

The latest fluctuations in the Chinese Renminbi (RMB) have had a significant impact on global markets. Amid slowing Chinese growth rates, European companies might – in the short term – fear adverse implications such as higher export costs and declining share prices.

But writing in a feature for FX-MM Magazine, Michael Rugilo, Asia Expert for Commerzbank Corporates & Markets, and Barbara Herbert, Renminbi Specialist for Commerzbank Transaction Services, point out that such price movements are a symptom of increasing liberalisation and that, with the right measures, the currency still offers long-term promise as it goes global.

You can read the article here (note: a free login is required)

BNY Mellon adds FX capabilities to its global payments infrastructure

As part of its commitment to continuing the development of its new payments platform, BNY Mellon has expanded its global payments infrastructure with the launch of enhanced foreign exchange payment capabilities.

Demonstrating BNY Mellon’s enterprise-wide approach to the development of new treasury services solutions, the new FX payments offering seamlessly combines BNY Mellon’s extensive FX capabilities with the speed, efficiency and reporting features of BNY Mellon’s new global payments infrastructure.

Frank Behlmer, executive vice president, global operations, with BNY Mellon’s Client Service Delivery group said: “Our clients are now able to make FX payments seamlessly through our branches in London and Frankfurt. We are introducing new functionality for currency payments to enable us to better validate client instructions and increase straight-through processing rates. This will help us reduce third-party repair charges and increase the efficiency and speed of payment processing for clients across a broad range of investment services businesses.”

Following Moorgate’s outreach, the news was covered in the following publications: TMI, Finextra, FTSE Global Markets, bobsguide, Global Banking & Finance Review, FStech, FX-MM, FX Week and TFR

Commerzbank manages FX risk in Treasury Management International’s cover story

Navigating the complexities, volatilities and risks of foreign exchange today can be a headache for treasurers, especially those in smaller companies. Commerzbank’s Martin Keller, Head of Product Management, Mittelstandsbank, is joined by MyTreasury’s CEO and founder Justin Meadows to offer detailed insights on five key steps for managing risk when managing foreign exchange, in the cover story of TMI‘s latest issue.

You can read the article in full and download the pdf here