UOB and United Overseas Bank (Deutsche Bank) have signed an MOU to expand their cash clearing relationship. Though the German lender already provides clearing services for Deutsche Bank's cross-border payments, this latest move will allow Deutsche Bank to also use UOB as its cash settlement bank for derivatives trades on the Eurex Exchange.
Deutsche Bank and United Overseas Bank (UOB) have signed an MOU to expand their cash clearing relationship. Though the German lender already provides clearing services for UOB's cross-border payments, this latest move will allow UOB to also use Deutsche Bank as its cash settlement bank for derivatives trades on the Eurex Exchange.