Bank of America Merrill Lynch has added an enhanced version of
its global Physical Cash Concentration capabilities to
its Global Liquidity
Platform.
This enables clients of the bank of move funds between their
cross-border bank accounts easier and more effectively, the bank
said.
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“Our enhanced Physical Cash Concentration module provides our
clients global consistency in an automated end-to-end solution for
liquidity management,” said Greg Kavanaugh, head of BofA
Merrill’s Global Liquidity product team.
“We offer clients more than 30 selectable parameters, so they
can customize their liquidity structures to assist in meeting their
cash needs around the world on both an intraday and end-of-day
basis.”
“Our Global Liquidity Platform and its fully automated cash
concentration capabilities demonstrate Bank of America Merrill
Lynch’s leadership in providing liquidity solutions to corporate
and commercial banking clients. In addition, with the investment
we’ve made in establishing a single worldwide system, we are now in
position to rapidly deploy new and advanced liquidity tools and
techniques as market trends and client requirements evolve.”
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