Bank of America Merrill Lynch has launched a new service designed to reduce counterparty risk and improve efficiency for companies operating in Mexico. The Cuenta Controlada (controlled account) service regulates the exchange of cash—in either pesos or U.S. dollars—among multiple parties based on agreed-upon contractual provisions. Bank of America Merrill Lynch serves as an independent third-party in the transactions, in which role it receives, holds, and disburses the funds.
Despite the intangible in its name, the levy applies broadly to income.
May and Carney fire back at Barnier over trade deal warning.
A recent survey suggests treasury and finance executives are not prepared for new technologies that could transform the way they do business.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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