24 March 2018
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Deutsche Bank expands treasury management capabilities

10 October 2006  |  2221 views  |  0 Source: Deutsche Bank

Deutsche Bank Global Transaction Banking today announced that it has enhanced its current treasury offering to include expanded liquidity, payments and reporting capabilities. As part of this augmentation, Deutsche Bank is introducing a single global liquidity solution for euro and US dollar, new payments features to its Money Transfer New Architecture (MTNA) and additional reporting options through its SWIFTNet InterAct Cash Reporting Service.

As a leading global provider of US dollar and euro cash management services, Deutsche Bank will link the two largest global currency markets through its new global cash pooling engine. This single common liquidity management platform will deliver automated investment capabilities in multiple markets with a consistent product offering across regions. Clients will benefit from realtime interfaces into Deutsche Bank's global credit and money transfer systems, enabling the Bank to offer enhanced pooling and investment products along with global reporting capabilities.
MTNA, Deutsche Bank's single global platform for multicurrency clearing, introduces expanded payments services. Clients can benefit from a full array of timed and conditional payment triggers, which have become increasingly important for today's realtime payments environment. These new capabilities lead to greater control and efficiency for their payments processing.
Based on SWIFT's InterAct messaging service, SWIFTNet Cash Reporting extends the Bank's realtime cash reporting offering to deliver account information in full compliance with SWIFTStandards XML messages. This push towards standardization complements the realtime and multibank reporting capabilities that the Bank currently offers.
Lisa Rossi, Head of Liquidity Management and Americas Head of Product Management, Global Transaction Banking – Cash Management, said, "A unified global liquidity solution provides greater operational efficiency and more accurate global cash flow forecasting. By standardizing operations globally, clients will benefit from streamlined processes. The Bank's global cash pooling engine will offer a single liquidity platform that facilitates centralized global treasury management – a breakthrough in managing liquidity on a worldwide basis."
Harold Young, Head of Payments, Global Transaction Banking – Cash Management, said, "The MTNA offering accommodates the global needs of clients witts with consistent service levels and transparency across currencies, clearing systems and location for FI and corporate payments. With the introduction of timed and conditional payment options, clients will benefit from more dynamic control of their payments leading to efficient, cost effective funds management solutions."
Paul Camp, Head of Cash Management Financial Institutions, Global Transaction Banking, said, "As clients are expanding their global presence, they are increasingly seeking products that offer product parity and consistent service levels worldwide. Deutsche Bank has made the financial commitment required to introduce cash management solutions that proactively accommodate these changing client needs.
As the #1 euro clearer (RTGS+/TARGET and EBA), the fifthranked US dollar clearer (CHIPS) and the #1 FX ranking (Euromoney FX Poll, May 2006), Deutsche Bank is now positioned as a major treasury clearer in addition to its leading role as a major commercial payments clearer."

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