The FINANCIAL — Deutsche Bank today announced that it has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with world-class working capital capabilities. With this solution, BASF and its partners will benefit from more accessible risk mitigation and improved working capital flows, automated processes including reconciliation, settlement, forecasting and monitoring, and lower transaction costs to enable reduced transaction pricing. A number of BASF’s suppliers in China have already been on-boarded, and the solution is already in operation. At a signing ceremony between BASF and Deutsche Bank China, BASF Asia Pacific Vice…
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