Cross-border Cash Sweep
UOB Cross-Border Cash solution is designed to enable clients to transfer operating balances, in the same currency, between UOB China and other core UOB locations to facilitate consolidation of surplus balances and/or self-funding of cash shortfalls.
Cross-Border Cash Sweep
The RMB Cross-Border Cash Sweep service enables multinational enterprise groups to adjust and efficiently utilize the surplus and shortage of RMB funds both at domestic and overseas, helping clients optimize global liquidity management, reduce financing costs and exchange rate risks, and promote the internationalization process of the RMB currency.
In 2023, UOB China established a RMB Cross-Border Cash Sweep structure between China and ASEAN for a high-quality e-commerce industry client in Lingang that is focusing on expanding its business in Southeast Asia. The structure takes the Lead Company of the Lingang New Area as a strategic cross-border fund transfer platform to achieve the overall management of funds among domestic and overseas affiliated entities. The overseas participating entities include Malaysia, Thailand, Indonesia, Singapore, and Hong Kong SAE. This case using the RMB currency as the link of cross-border finance, providing convenient, efficient and compliant services for the group's cross-border liquidity management.
The FCY Cross-Border Cash Sweep is a professional global liquidity management service provided by UOB China for multinational enterprise groups. Through the interconnection and interoperability of domestic and overseas accounts, it enables flexible allocation and efficient utilization of FCY funds, helping clients optimize global fund allocation, reduce financial costs, and enhance cross-border operational efficiency.
In 2024, UOB China assisted a leading agricultural enterprise in establishing an Integrated RMB and FCY Cross-Border Cash Sweep structure between China and Indonesia. Opened an Indonesian Rupiah currency Domestic Master Account for the Lead Company within China, enabling smooth two-way funds transfer for direct RMB exchange against to Indonesian Rupiah currency between the Chinese headquarters and overseas subsidiaries. This saved exchange costs and improved the efficiency of cross-border foreign exchange payment.
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Account Types
UOB supports a range of account types, catering to clients’ varied requirements, across sole proprietorships, joint ventures, locally incorporated entities or foreign-invested enterprises.
Escrow Services
UOB Escrow Service is specially designed to offer you a ready solution, giving you peace of mind in completing your complex business transactions.
Payments & Collections
We offer a wide range of payment and collection solutions to meet your business needs. Assist you in effectively managing receipts and payments to improve efficiency and enhance working capital management.
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