Easy movement of cash is critical to any treasury. While not a problem in the US and Europe, it's a common issue in Asia where varying capital expatriation regimes complicate the lives of treasurers.
China, India and Vietnam are known to be particularly difficult. Kelvin Hayes, deputy group treasurer at SGS, said his firm uses a variety of methods to get trapped cash out of countries. For example, in Vietnam SGS faces a dearth of available liquid foreign currency locally so it sources funds from outside the country. Other companies employ strategies such as notional pooling, which involves a banking partner crediting a specified amount to the company's bank account outside...
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