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Cash & Liquidity Management
Published  5 MIN READ

Rewriting the Treasury Rulebook in Europe

Deutsche Bank has consistently differentiated itself from other transaction banks by driving industry initiatives and new client solutions. In 2019, the bank helped corporate treasurers to embrace real-time treasury operations and worked with industry bodies towards harmonising cross-border payments. These achievements, among others, make Deutsche Bank the hands-down winner of TMI’s 2019 Award for Best Bank for Cash & Liquidity Management in Europe.

At the Sibos 2019 conference, Christian Sewing, CEO of Deutsche Bank, said that he was “very optimistic for the transaction banking business”, a cornerstone of the new Corporate Bank division. In the face of headwinds, the Corporate Bank has consistently delivered strong results – and its success continued in 2019. Deutsche Bank remains the only provider in the market that is a substantial clearer of both euros and US dollars, which, combined, account for more than 75% of global payments. In addition, according to SWIFT Watch, Deutsche Bank continues to be the world’s largest euro clearer, with an 8.5% monthly market share of SWIFT euro volumes.

Other impressive achievements include the fact that Deutsche Bank is the largest sender of payments on Target2 connected via the Deutsche Bundesbank. The bank also provides corporate cash management services to 100% of the DAX 30 and more than 90% of the Euro Stoxx 50 constituent companies.

There are many reasons why such large numbers of corporates continue to choose Deutsche Bank for their cash management needs. One driver is the bank’s investment in its digital capabilities over recent years – facilitating the transition for its clients to run real-time treasury operations. This includes a number of proprietary tools, such as DB Maestro and FX4Cash, which facilitate smooth and transparent FX hedging and conversion respectively, as well as sophisticated account management solutions such as virtual accounts.