BNP Paribas Securities Services is launching a tool to help investment banks manage their cash accounts on an intraday basis and optimise their liquidity use.
The custodian bank said that continuing regulatory changes, such as the European Market Infrastructure Regulation (EMIR) and Dodd-Frank in the US, lie behind the launch, as there is increasing likelihood that clients will need to manage liquidity at various points within a day.
BNP Paribas will be able to deliver customised reports on cash account balances globally via the platform. The bank said that several clients had already signed up to use the tool and will begin to receive reports on intra-day and end of day balances on multiple accounts at predetermined times.
“Regulatory preparedness is a key concern for our clients,” said Beatrice Le Terrec, head of business development for market and financing services, BNP Paribas Securities Services. “The current environment of change puts an increasing demand on them to manage their liquidity tightly.
“As such we have seen more requests for tools to provide our clients an ever clearer view of their assets and to optimise their cash management. With this new service we can help them manage their cash accounts on an intraday basis and optimise their liquidity use.”
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