The value of virtual accounts within the world of receivables is increasingly well known, but have treasurers considered their application in the payables space?
Financial organisations have voiced concerns about proposed changes to Basel III, including changing the way notional pooling is treated, and treasurers are rightly concerned.
With the help of iGTB’s cash management platform, the Australian bank was able to get Asia-based treasurers up and running onto pooling and sweeping structures much faster than ever before.
European banks are potentially being priced out of the notional pooling market due to International Financial Reporting Standards (IFRS) and Basel-III implementation.
China International Marine Containers (CIMC) and Bank Mendes Gans (BMG), a member of the ING Group, began the implementation of a global liquidity management solution.