BNP Paribas Securities Services has rolled out a new reporting tool designed to allow intraday liquidity monitoring for investment banks.
The new tool will allow investment banks to optimise their liquidity use, manage their cash accounts on an intraday basis as well as prepare for global regulatory changes.
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In addition, the tool will allow the bank to deliver customised reports on cash account balances globally by using its existing ‘NeoLink’ web portal for clients.
BNP Paribas Securities Services said that the new service will support customers deal with new regulations including EMIR and Dodd-Frank in Europe and the US respectively.
Following the launch, several clients have signed up to use the tool and will receive reports on intra-day and end of day balances on multiple accounts at pre-set times of day to specified recipients at the client firm.
Beatrice Le Terrec, head of business development for market and financing services at BNP Paribas Securities Services, said: "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 an ever clearer view of their assets and to optimise their cash management."
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