BoA Merrill lands new treasury mandates in Asia

International SOS and the Brady Corporation select Bank of America Merrill Lynch for their Asia cash needs.

International SOS and the Brady Corporation have implemented cash management solutions from Bank of America Merrill Lynch for their treasury needs in Asia-Pacific.

The bank is providing International SOS, which is a Singapore-based provider of medical assistance and international healthcare, a multi-currency notional pooling solution to enhance its treasury management operations and maximise internal cash flow from its head office located in Singapore. According to BoA Merrill, the solution will allow the company to achieve a net notional position in a single currency without the need to perform traditional foreign exchange or swaps.

Cash consolidation of multiple currencies for day-to-day business can be challenging for a corporation, said Nigel Pool, chief...

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