Payments-on-behalf-of (‘POBO’) and Collections-on-behalf-of (‘COBO’) are structures designed for corporate treasuries to deal with their cash management operations and liquidity. With these structures, corporates can operate transactions and their underlying cash flows through a streamlined bank account structure, enabling them to manage their liquidity.
In recent news, financial services company the Agricultural Bank of China (ABC) and Deutsche Bank have signed a memorandum of understanding (MOU) extending their cash management relationship by leveraging the latter’s Asia Accelerator service to process ABC’s US dollar and Euro intra-Asia payments.
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