BoA Merrill adds cash concentration features to liquidity platform

BoA Merrill adds multi-cash capabilities to its centralised technology hub.

Bank of America Merrill Lynch has introduced new multi-cash capabilities to its centralised technology hub, Global Liquidity Platform. The additional enhancement, called Multi Bank Cash Concentration MBCC, allows corporations that have multiple local and global banking relationships to automatically incorporate balances held by all partner banks into a single cash concentration structure which is operated by BoA Merrill.

“We’re pleased to now offer through the Global Liquidity Platform a powerful tool that helps clients improve visibility and control over their global cash balances, thereby maximising the interest earned on their working capital,” said Greg Kavanaugh, head of global liquidity in BoA Merrill’s global treasury solutions group. “In...

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