GTB News 2013

4 November 2013

Deutsche Bank launches new cash management structures in Asia Pacific to help corporates further optimise their operations and liquidity

Deutsche Bank today announced the launch of its “Payments and Collections On-Behalf-Of” programme for corporate clients in Asia Pacific as part of its Next Generation Treasury Solutions, taking treasury efficiencies to the next level. Payments-on-behalf-of (‘POBO’) and Collections-on-behalf-of (‘COBO’) are structures designed to help corporate treasuries to further optimise their cash management operations and liquidity.

The need for such structures is particularly relevant in a region like Asia, given its diverse and complex regulatory environment. In response to this new demand, Deutsche Bank has launched POBO and COBO structures, which are most beneficial to multinational companies (‘MNCs’) with operations across the Asia Pacific region, as well as corporates with large local operations.

With these structures, corporates can consolidate transactions and their underlying cash flows through a streamlined bank account structure, enabling them to better manage their liquidity with increased visibility and control.

Mahesh Kini, Asia Pacific Head of Cash Management for Corporates, Global Transaction Banking at Deutsche Bank, said: "Finding new ways to further optimise treasury operations remains a priority for corporate treasurers in Asia Pacific. Deutsche Bank’s POBO and COBO structures directly address this challenge. By leveraging our strong product platform and our consultative approach, we are able to help our clients perform the legal due diligence on their corporate cash management structures, which is key to ensuring a successful implementation.”

Dirk Kronshage, Asia Pacific Head of Cash Product & Technology Management, Global Transaction Banking at Deutsche Bank, added: “Deutsche Bank’s POBO and COBO structures have been very well received by our clients thus far, especially MNCs. Some are already in the process of implementing similar solutions in other regions. For many of these corporates, implementing POBO / COBO solutions in Asia Pacific can yield greater consistency and help them to maximise the benefits of their centralised treasury operations across multiple countries or even regions.”

For further information, please contact:
Karène Dufour Lo
Deutsche Bank AG
Media Relations
Tel: +852 2203 7846
Mobile: +852 6336 7836

About Deutsche Bank Global Transaction Banking
Through our wide range of cash management, trade finance, trust and securities services, our Global Transaction Banking business helps companies all over the world to focus on achieving their business goals.
Every day, in multiple locations, we process and clear domestic and cross-border payments, facilitate transactions for global trade and act as trustee, agent and custodian for clients.
In transaction banking, the visibility we gain on our clients’ financial landscape puts us in a unique position to identify risks as well as opportunities for bottom line growth. By working in close partnership with the rest of the Bank, we help our clients optimise every opportunity.


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Last Update: 17.1.2014
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