Standard Chartered is introducing new liquidity capabilities enabling clients doing business into and within Asia, Africa and the Middle East to help manage their working capital.
The services, to be launched by the end of this year, are the first phase of a roll out of a series of cash management enhancements.
The enhancements, to be rolled out over the next five years, will include liquidity management and account services, payments, collections and global billing solutions on standardized platforms. Standardized working capital views will also be available across cash, trade, loans and FX to better navigate the diverse and complex regulatory landscape.
George Nast, global head of Product Management, Transaction Banking said: By enhancing our cash management capabilities to meet changing client needs, we will continue to be well placed to offer a full range of working capital solutions that will leverage our local knowledge and reinforce the clients need to gain greater visibility and active control of their working capital.
Features of this rollout will include:- Global liquidity capabilities to optimize cash globally including expanded multi-bank concentration and multi-currency notional pooling solutions;- Simulation of liquidity management scenarios prior to execution with ability to add in forecasted cash movements;- Improved visibility and control of intercompany loan limits;- Improved transparency and control of inward and outward FX transactions across Standard Chartered’s entire network with a emphasis on emerging market currencies; and- Improved yield through enhanced interest optimisation features and investment sweep options.
(JDC)