The service is designed for both global institutions that send commercial payments to beneficiaries in Asia as well as for Asia-based institutions whose trade within the region is denominated in US dollars.
Accelerated Payments to Asia uses a routing technology that recognizes payments and passes them through in-country US dollar clearing systems via a bank account.
Bank of America Merrill Lynch’s global escrow services group now covers 15 jurisdictions across Europe, Asia, North and South America. Bank of America provides individual consumers, small and medium sized-market businesses and large corporations with range of banking, investing, asset management and other financial and risk management products and services.
In recent news, Bank of America Merrill Lynch has extended its Global Transaction Services (GTS) business in Canada.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now