Payment’s solution delivers speed, efficiency and reliability for COTC
Published: Feb 2026
Best Payments Solution
Overall Winner
CCCC Overseas Treasury Management Limited
Ran Tao
General Manager, Business & Treasury Department
CCCC Overseas Treasury Management Limited (COTC) was established in December 2022 by China Communications Construction Company (CCCC) to serve as its overseas treasury management centre.
The challenge
In today’s fast-paced global economy, companies often face daunting challenges in managing liquidity across diverse subsidiaries operating in different regions and currencies. This was the case for CCCC Overseas Treasury Management Limited (COTC), a leading multinational corporation with over 50 subsidiaries spanning various countries and industries. These subsidiaries faced difficulties in efficiently centralising surplus funds, tracking payment statuses in real‑time and maximising yield from idle cash reserves. Additionally, the need for instant deployment of funds to capitalise on investment opportunities added another layer of complexity to the treasury management process.
COTC’s financial operations required a transformation to address inefficiencies caused by fragmented accounts in multiple currencies. The company sought a solution to streamline cash management, simplify account structures and create a transparent, real-time system for payment tracking and reconciliation. Without such measures, COTC risked operational delays, reduced ROI and missed opportunities in deploying surplus funds effectively.
The solution
DBS rose to the challenge by implementing a tailored suite of solutions. The centrepiece was a multi-currency account capable of receiving proceeds in 13 different currencies from subsidiaries, drastically simplifying account maintenance. To optimise returns, the account was integrated with an interest optimisation solution that maximised yield across four major currencies: USD, AUD, HKD and RMB. Furthermore, the solution incorporated SWIFT GPI technology, enabling COTC to track and reconcile incoming funds in real-time. To ensure agility, DBS Global Cross‑Border Solutions allowed instant deployment of surplus funds, credited within ten minutes within the bank’s network.
The solution was strategically deployed across COTC’s regional treasury centre, leveraging DBS’s global network to ensure seamless implementation. The rollout began in 2023 and was completed swiftly to address immediate treasury challenges while laying the groundwork for future scalability.
The collaboration was spearheaded by COTC’s treasury management team and DBS’s dedicated financial experts. By working closely together, both parties ensured the solution was attuned to COTC’s unique operational needs, delivering a tailored approach that leveraged industry best practices.
The bank integrated its multi-currency account and interest optimisation tools into COTC’s treasury processes, aligning them with the company’s overarching financial goals. Funds were centralised efficiently, payment statuses tracked with SWIFT GPI, and surplus funds deployed instantly with DBS’s cutting-edge cross-border solutions. This seamless integration was complemented by rigorous training for COTC staff and ongoing support from DBS’s team, ensuring the solution operated flawlessly.
COTC’s journey to revolutionise its treasury process exemplifies resilience, innovation and strategic partnership. The challenges faced were met head-on with a suite of groundbreaking tools, transforming inefficiencies into opportunities for growth.
With measurable outcomes and a clear demonstration of best practices, the solution achieved its goal: to empower COTC with unparalleled financial agility.
Best practice and innovation
Through meticulous collaboration and strategic planning, DBS and COTC demonstrated best practices by leveraging innovative financial tools and tailored solutions. The deployment of a multi-currency account capable of handling 13 currencies simplified account structures and ensured streamlined management of surplus funds. Integration of SWIFT GPI technology offered real-time tracking and reconciliation, enhancing transparency and operational efficiency. Moreover, the interest optimisation solution maximised yields across four major currencies, setting a benchmark for effective liquidity management.
Innovation was further exemplified through DBS’s Global Cross-Border Solutions, which allowed the instant deployment of surplus funds within ten minutes, addressing the need for agility in capitalising on investment opportunities. Rigorous training and ongoing support ensured smooth adoption of the solutions, aligning them with COTC’s operational goals. The partnership between the bank and COTC epitomised industry best practices by combining cutting-edge technology with a tailored approach, empowering COTC to overcome treasury challenges while fostering scalability and resilience. This collaboration has not only revolutionised COTC’s treasury functions but has also set a precedent for financial innovation in multinational corporations.
Key benefits
Cost savings.
Number of banking partners/bank accounts reduced.
Process efficiencies.
Return on investment.
Increased automation.
Improved visibility.
Errors reduced.
Manual intervention reduced.
Future-proof solution.
Improved key performance indicator (KPI) metrics.
Payments within the DBS network now reach beneficiaries in as little as 15 minutes, showcasing the solution’s speed and reliability.
The Adam Smith Awards Asia are the industry benchmark for best practice and innovation in corporate treasury. To find out more please visit treasurytoday.com/adam-smith-awards-asia
