Big HSBC clients get cash portal
HSBC Holdings Plc has launched a “liquidity management portal” to give corporate and financial institutional clients a clearer picture of their cash position globally.
The portal will also provide those clients with the tools to self-manage their liquidity, enabling improved funding and investment decisions, said a press release yesterday. The tool is available in 54 countries globally, with 18 of them in Asia-Pacific.
The portal includes a “liquidity management dashboard”, which uses data visualisation to give treasurers an accessible, real-time view of their cash and cash-equivalents, across multiple banks and products. At the click of a button, clients can drill-down from a consolidated view of their balances globally to an individual account, providing greater visibility and control of their short-term liquidity. Clients can view balances in the currency of their choice.
“Having timely and accurate liquidity data at your fingertips is essential for any treasurer,” said Kee Joo Wong, regional head of global liquidity and cash management, Asia Pacific. The portal will provide an intuitive view of key liquidity performance indicators and enables clients to make faster and more informed decisions to mobilise funds across the diverse regulatory landscape in Asia, he said.
