Citi Treasury and Trade Solutions
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The Challenge
Founded in 1997, China Shipping Container Lines
(CSCL) is one of the world’s largest integrated
international container transportation, logistics
and terminal companies. The company operates
nearly 80 international and domestic trade
routes with a service network that covers Chinese
coastal areas and major trade regions in Asia,
Europe, America, Africa and the Persian Gulf.
As a flagship state-owned business, CSCL
experienced rapid growth in recent years, and
has a strong commitment to financial integrity
and transparency. Consequently, its group
treasury was seeking to enhance its financial
reporting in order to achieve more timely,
accurate and complete access to cash flow and
balance information globally. By doing so, the
company would be able to plan cash and
liquidity decisions with more confidence, analyze
cash flow trends effectively, and reduce the cost
and resources required for financial reporting.
These objectives were particularly challenging,
keeping in mind that few solutions in mainland
China are able to provide cash flow forecasting
capabilities.
The Solution
CSCL has had a highly successful partnership
with Citi for more than a decade, including cash
collections and cross-border cash pooling for its
entities in more than 40 countries. Based on this
experience, CSCL recognized Citi’s expertise in
delivering flexible and robust cash and liquidity
management solutions, and innovative
technology.
CHINA SHIPPING CONTAINER LINES
Achieving New Horizons in Cash Visibility
and Forecasting
China Shipping Container Lines Co. Ltd partnered with Citi to achieve new horizons in cash
visibility and forecasting. Leveraging Citi’s advanced cash flow forecasting analytics, treasury
now has greater visibility and insights into current and future cash flow, and has evolved into a
more strategic function within the company.
Industrials
Energy, Power
and Chemicals
Technology, Media and
Telecommunications
Consumer and
Healthcare
Non-Bank Financial
Institutions
