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BNP Paribas' new intraday liquidity tool
06 March 2014
New reporting tool allows monitoring of intraday liquidity
BNP Paribas Securities Services
BNP Paribas Securities Services has launched a new reporting
tool enabling intraday liquidity monitoring for investment
banks, which will allow them to optimise the use of their
liquidity as well as prepare for continuing regulatory changes
across the globe.
The service allows BNP Paribas to deliver customised reports on
cash account balances globally, using its existing NeoLink web
portal for clients.
The first launch of the tool, to which several clients are
already subscribed, sees reports on intra-day and end of day
balances on multiple accounts delivered at predetermined times
of day to specified recipients within the client
Beatrice Le Terrec, head of business development for market and
financing services, BNP Paribas Securities Services, said:
"Regulatory preparedness is a key concern for our clients. 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."
The new service allows clients to cope better with the recent
developments in regulation. For example, Emir and Dodd-Frank
will affect OTC derivatives markets and compel clients to
manage liquidity on an intraday basis. Further roll-outs are
envisaged as clarity emerges over the particular requirements
of regulators globally.