BNP Paribas Securities Services overhauls liquidity management offering
Published: September 29, 2014
Paris - BNP Paribas Securities Services, a leading custodian with USD 9.5 trillion in assets under custody, today announced the launch of 'Liquidity Access', a comprehensive solution designed to help banks and broker dealers manage and monitor their liquid assets.
The launch comes as new regulations, such as Basel III and Dodd Frank, require market participants to hold more liquid assets, closely monitor their liquidity ratios and anticipate the evolution of their liquidity positions.
Florence Bonnevay, Head of market and financing services at BNP Paribas Securities Services, commented: "We are seeing huge demand from our clients to help them rethink the way they manage and monitor their liquid assets. The market is changing and so are we. We have devised a comprehensive liquidity solution, which enables our clients to anticipate their liquidity needs, take advantage of new liquidity facilities and optimise their cashflows.”
Liquidity Access is based around three pillars:
Anticipate. Reporting tools such as treasury cash forecasts and an intra-day liquidity reporting service give clients a clear view of the cash and liquid assets at their disposal, across territories, time zones and accounts.
Optimise. Clients can choose from our range of cash consolidation solutions allowing them to manage their cash flows more efficiently across accounts held with BNP Paribas.
Leverage. A consolidated view of accounts across jurisdictions allows clients to access new, secured funding possibilities while also benefiting from structured, transparent credit lines (both intra-day and overnight).
Liquidity Access is available to bank and broker clients of BNP Paribas Securities Services and is offered alongside their comprehensive global and local custody offering and a range of value added services. The suite is designed to be unbundled into component services to create bespoke offers to suit individual clients’ needs.