BNP Paribas boosts liquidity options 29 September 2014Paris Reporter: Catherine Van de Stouwe
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BNP Paribas Securities Services is overhauling its liquidity management offering with the launch of the Liquidity Access solution.
The solution has been designed to help banks and broker-dealers manage and monitor their liquid assets.
Liquidity Access is based on three pillars; anticipate with reporting tools to give clients a clear view of cash and liquid assets at their disposal; leverage a consolidated view of accounts across jurisdictions to access new, secured funding possibilities while also benefiting from structured and transparent credit lines; and optimise with a range of cash consolidation solutions allowing them to manage their cash flows more efficiently across accounts held with BNP Paribas.
The launch of the solution comes as new regulations, such as Basel III and the US Dodd-Frank Act, require market participants to hold more liquid assets, to closely monitor their liquidity ratios and to anticipate the evolution of their liquidity positions.
Florence Bonnevay, head of market and financing services at BNP Paribas Securities Services, said: "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 available to bank and broker clients of BNP Paribas Securities Services.
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