The JPMorgan sweep transfers cash from clients’ current accounts into AAA rated offshore funds domiciled in Luxembourg. Clients automatically invest or redeem via the sweep on a same day basis in accordance with specific cut-off times for each currency. The service is a 2-way automated sweep that ensures surplus current account funds are automatically invested when money markets are most liquid to enhance returns while also facilitating redemptions from the money market funds when current account short positions prevail. Clients can elect to sweep all surplus funds or leave a target balance on their current account. The service also offers a variety of online reports that enable clients to closely track the movement of their funds and holdings throughout the process.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more