Cross-currency services for corporate clients

Corporate clients and financial institutions are to meet new product being introduced by Deutsche Bank. The bank is launching FX4Cash, a new FX payments service.

With FX4Cash which unites the bank's number one market share in global foreign exchange with its leading ranking in global cash management corporates and financial institutions will be provided with global cross-currency payment solutions.

Clients will be able to make cross-currency payments from 18 funding currencies to more than 75 local currencies (via wire, cheque and ACH) by means of uninterrupted access to SWIFT, internet and host-to-host.

Deutsche Bank's Global Markets and Transaction Banking divisions allied to offer the service.

"FX4Cash helps our corporate and financial institution clients to reduce costs by supporting the rationalization of their account relationships. This platform also helps clients to convert an existing manual process into an end to end STP solution for cross currency payments," says Tim Merrell, Global Transaction Banking Head of FX4Cash.