BNP Paribas Securities Services has introduced a new reporting tool enabling intraday liquidity monitoring for investment banks, which aims to allow them to optimise the use of their liquidity, as well as prepare for regulatory change.
The service allows BNP Paribas to deliver customised reports on cash account balances globally, using its existing ‘NeoLink’ web portal for clients. The first launch of the tool, to which several clients are already subscribed, sees reports on intra-day and end of day balances on multiple accounts delivered at predetermined times of day to specified recipients within the client organisation.
Beatrice Le Terrec, head of business development for market and financing services, BNP Paribas Securities Services, said: “Regulatory preparedness is a key concern for our clients. The current environment of change puts an increasing demand on them to manage their liquidity tightly. As such we have seen more requests for tools to provide our clients a clearer view of their assets and to optimise their cash management. With this new service we can help them manage their cash accounts on an intraday basis and optimise their liquidity use.”
Many recent developments in regulation, eg EMIR and Dodd Frank, which affect OTC derivatives markets, point towards an increasing likelihood that clients will need to manage liquidity on an intraday basis, said a statement from the firm. It added that further roll-outs are envisaged as clarity emerges over the particular requirements of regulators globally.
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