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An Integrated Approach to Working Capital

An Integrated Approach to Working Capital

by Nick Blake, Head of Global Sales and Strategy, Global Transaction Services, RBS

Nick BlakeDuring the recent TMI Transaction Banking Roundtable, held in association with Fundtech, which is featured in this edition, Shahrokh Moinian, Head of TFCMC Global Solutions & Head of Global Cash Management Committee, Deutsche Bank, made the point that clients do not want their banks to push products in particular segments, such as cash, trade or FX. Instead, as Nick Blake, who joined RBS as Head of Global Sales and Strategy, Global Transaction Services earlier this year, describes in this article, corporate treasurers, and their banks, are taking a more integrated approach to working capital.

Regulatory and market pressures

Integration of complementary business functions, such as cash management and trade finance, has become a priority for banks in recent years, firstly in response to customers’ changing working capital needs, and secondly to reflect the increasing cost of capital. Banks therefore need to balance their offerings given that the cost of delivering trade and trade finance services is now higher. This is driving a closer relationship between core financing, cash, trade and ancillary banking activities.