Deutsche Bank launches new treasurer services

Source: Deutsche Bank

In a further step to enhancing its state-of-the-art payment processing, clearing infrastructure and global customer service, Deutsche Bank today announced that it is extending its range of services corresponding to the needs of financial institutions' treasury, nostro funding and intraday cash management units.

Managing intraday cash flows on nostro accounts in the most effective manner is vital to financial institutions, especially in times of increased liquidity costs. With its new Treasurer Services, Deutsche Bank has extended its internet based portal, db direct internet, via a single monitoring screen, to offer real time balances, pending transaction queues and immediate in-house funding transfer initiation. The new service helps treasurers better manage their outbound payment volumes channelled via nostro accounts with Deutsche Bank.

In order to optimize receivables management of treasury flows, the existing Advise to Receipts Matching Service of Deutsche Bank, available via SWIFT MT210, has also been extended via a web based service in db direct internet, offering treasurers on-screen capturing of Advices and making matching reports available on the same screen.

In addition, Deutsche Bank's product suite of liquidity solutions, offering vostro account credit interest agreements, dedicated overnight investment accounts and short term investment options for excess liquidity have also been enhanced by automated investment services with risk diversification features, investing in high quality short-term debt and money market instruments and counterparts.

"Financial institution clients, partnering with Deutsche Bank for their payments business, benefit from a stable, reliable infrastructure, highest flexibility in payments processing and first class customer services", comments Christian Westerhaus, Head of Product Management for Financial Institutions, Deutsche Bank."

Lisa Rossi, Global Head of Liquidity and Investments at Deutsche Bank adds, "With these new offerings, our services go far beyond the requirements of payments processing and deliver integrated solutions around all aspects of the clients' nostro accounts with Deutsche Bank."

Comments: (0)