The Royal Bank of Scotland (RBS) has launched a liquidity management platform for corporate treasurers. According to RBS, its new Liquidity Solutions Portal (LSP) allows its corporate customers to view and control cash balances in multiple currencies through a single portal in real time.
LSP gives users the ability to forecast their cash positions and make effective investment and liquidity management decisions in real time said the bank. The platform provides a service which offers consolidated information on all operational and investment balances and rates, allowing users to execute and redeem investments.
“We have had great success in the take-up of this product. It enables our clients to maximise returns on cash, reduce treasury management costs, while at the same time meeting internal risk management,” said Steve Everett, head of international liquidity management for global transaction services (GTS) at RBS. “It is our objective to provide innovative solutions that are simple and those that avoid complex and time consuming processes, while at the same time providing the best working capital practices.”
LSP is a complementary product to RBS’s international liquidity management solutions which, according to the bank, tailor solutions to fit individual company liquidity management objectives after considering the individual company’s corporate structure, business cycle and cashflow.
RBS has also made several key hires this year beginning with Frank Hamer as its new head of GTS for China at the end of February. It then hired Jonathan Jiang from Bank of America Merrill Lynch to lead its global network banking business in China in April and appointed Manfred Schmoelz as head of global transaction banking for Asia-Pacific in July.