Global TradeConducting Business with China: RMB DevelopmentsWhen conducting business in a new market, a thorough understanding of the regulatory landscape is vital. And China is no exception to this. In China, the key recent development has been the cross-border RMB settlement program. This article provides an update. [more] Single Euro Payments AreaSEPA: Preparedness is CrucialWith a European Commission (EC) proposal to regulate the end-dates for SEPA migration likely to come into force this year, many corporates are now asking themselves some pertinent questions regarding what the initiative means for them and what they need to do to ensure preparedness. [more] Foreign ExchangeOverhauling Foreign Exchange ManagementMost corporates continue to hold bank accounts in every currency in which they make or receive payments, leading to cash balances being widely disseminated and increasing administration for treasurers. Such decentralized structures can also compromise effective reporting and control, making the burden of regulatory compliance more onerous. This article discusses a solution. [more] Trade FinanceAre You Familiar with the Current Rules for Demand and Counter Guarantees?July 1, 2011, will mark the one-year anniversary of the Uniform Rules for Demand Guarantees, 2010 Revision, International Chamber of Commerce Publication No. 758. This article will highlight the key changes in URDG 758, a revised set of rules for demand and counter guarantees. [more] |
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