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Tax Haven or Tax Burden?
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On the cusp of momentous change, the trade finance ecosystem is experiencing a significant restructure with the introduction of new technologies and market participants. In an unpredictable economy, treasurers need to adapt their initiatives to conform to new global trade dynamics.
Working closely with HSBC’s Global Liquidity & Cash Management (GLCM) team, TfL introduced HSBC’s Beneficiary Self-Management solution early in 2018. This solution is designed to speed up repayments and avoid the inefficiencies of making one-off, low value Oyster card refunds. We find out how TfL implemented it in order to enable better decisions and improve quality of life.
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