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BNP Paribas Securities Services extends intraday liquidity reporting
BNP Paribas Securities Services, a global custodian and asset servicing provider with USD 9 trillion in assets under custody, is helping its clients monitor their intraday liquidity positions in greater detail in light of new regulatory requirements such as Basel III.
BNP Paribas, which already provides its bank and broker clients with a minute by minute view of their liquidity positions, will from this month make intraday liquidity data available via DNA, the bank’s data visualisation platform.
The advanced interface will enable users to interrogate their data, analyse it and easily identify patterns relating to intraday liquidity peaks and troughs, gross payments paid and received, and underlying time-stamped cash flow movements. The objective is to help clients better anticipate their liquidity positions across multiple markets, accounts and currencies, and help inform their strategic decision-making.
“Enhanced intraday liquidity risk management has become a high priority for financial institutions and regulators since the financial crisis,” commented Orla Mc Tiernan, Head of cash and liquidity services at BNP Paribas Securities Services. “DNA for intraday liquidity allows our clients to keep a close eye on their liquidity positions throughout the day and optimise their cash management, helping them meet the demands of ever changing market and regulatory conditions.”
DNA for intraday liquidity reporting is part of BNP Paribas Securities Services’ ‘Liquidity Access’ offering, a comprehensive product suite launched in 2014 and designed to help banks and broker dealers manage and monitor their liquid assets.
The DNA platform is a central part of the bank’s strategy to harness digital technology across all business lines to provide enhanced smart reporting and data interaction for all its clients.
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