Search
 

Treasury Tools

Bank of America Merrill Lynch; Reval and Fides Treasury Services; Royal Bank of Scotland; Unit4 Coda

By Staff Writer | Updated on October 17, 2011

Bank of America Merrill Lynch says the Multi Bank Cash Concentration (MBCC) feature that it recently launched on its Global Liquidity Platform will allow companies that use a number of different banks, whether local or international, to automatically have the balances held at all of their banks included in a single cash concentration structure operated by B of A. The bank notes that MBCC’s flexible intraday settings allow companies to move funds during the day using real-time balances and enhanced sweeping. MBCC transactions are visible via B of A’s CashPro Online treasury management portal.

Reval, the treasury and risk management software provider, says it is partnering with Fides Treasury Services, a SWIFT service bureau and SWIFT member concentrator that has more than 320 corporate clients. Reval’s clients can now use Fides to connect with banks without leaving the Reval environment, which the company says will enhance the straight-through processing provided by the latest version of its software, 11.1.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.