Custodian BNP Paribas Securities Services has launched ‘Liquidity Access’, described as a comprehensive solution designed to help banks and broker dealers manage and monitor their liquid assets.
The launch comes as regulations, such as Basel III and Dodd Frank, require market participants to hold more liquid assets, closely monitor their liquidity ratios and anticipate the evolution of their liquidity positions.
Liquidity Access is based around three pillars:
- Anticipate: Reporting tools such as treasury cash forecasts and an intra-day liquidity reporting service give clients a clear view of the cash and liquid assets at their disposal, across territories, time zones and accounts.
- Optimise: Clients can choose from our range of cash consolidation solutions allowing them to manage their cash flows more efficiently across accounts held with BNP Paribas.
- Leverage: A consolidated view of accounts across jurisdictions allows clients to access new, secured funding possibilities while also benefiting from structured, transparent credit lines (both intra-day and overnight).
“We are seeing huge demand from our clients to help them rethink the way they manage and monitor their liquid assets,” said Florence Bonnevay, head of market and financing services at BNP Paribas Securities Services. “The market is changing and so are we.”
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
Trade credit insurer Atradius expects the country to emerge from recession this year, but warns that weak confidence will continue to keep growth subdued.