Deutsche Expands db-worldPAS Functionality; Launches Investment Sweep Tool

Deutsche Bank Global Cash Management has expanded the capabilities of db-worldPAS to include db-check, a corporate check and Automated Clearing House (ACH) advice print and fulfillment service, designed to enhance the efficiency of corporate clients’ payment process. db-check allows corporate clients the capability to outsource their check disbursements and provides a suite of services, such as account reconciliation and reporting. Through the Bank’s relationship with Standard Register, clients can make use of full-service printing and fulfillment services for checks and ACH advices from multiple sites within North America. Separately, the Bank’s Global Cash Management division has announced the introduction of Multi-Option Investment Sweep, a US dollar investment sweep tool for corporates. The solution allows for partial pooling of subsidiary assets within a pooling arrangement, offering corporate clients new capabilities that enhance their liquidity options, according to the organisation. Users will be able to choose from a number of overnight investment sweep options and have the potential to allocate funds from a subsidiary that participates in a cash pooling arrangement into separate investments outside the pool.


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