New York
15 June 2017
Reporter: Stephanie Palmer

New liquidity management solutions set to manage cross-border payments


J.P. Morgan has launched two new liquidity management solutions for cross-border payments.

The new Cross-Currency Sweeps (CCS) and Just-in-Time Funding (JIT) treasury service offerings are designed to help treasurers manage cash more easily in an environment that J.P. Morgan called “increasingly dynamic and unpredictable”.

CCS automatically transfers balances from one account in one currency to another account in another currency, reducing foreign exchange exposure and reducing the number of non-functional currency accounts in a single location.

JIT Funding calculates and funds local currency payments from one central account, helping to ensure that payments are processed on time.

Both solutions are modular and designed to meet the individual needs of corporates, while also complementing their current liquidity management strategies.

Specifically, they’re targeted towards corporates that may already have centralised treasury functions in their home markets, but limited presence in the overseas markets they operate in.

Martijn Stoker, J.P. Morgan’s head of global liquidity and escrow services for treasury services in Asia Pacific, said: “These solutions are very relevant to corporates today who are dealing with uncertain regulatory changes, trapped cash, complexity of managing multiple currencies and the need for reliable cash flow forecasting.”

He added: “By integrating payment, liquidity and foreign exchange functions, the solutions will allow treasurers to manage operating cash and payments more efficiently, transact more swiftly while minimising currency exposures.”

The new solutions are part of a wider investment in technology at J.P. Morgan. The firm suggested that its technology spend in 2017 is likely to be up 13 percent compared to in 2014, with initiatives focusing on the likes of blockchain, big data, machine learning and cloud technology.

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