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Bank of America Merrill Lynch says the Multi Bank Cash Concentration (MBCC) feature that it recently launched on its Global Liquidity Platform will allow companies that use a number of different banks, whether local or international, to automatically have the balances held at all of their banks included in a single cash concentration structure operated by B of A. The bank notes that MBCC’s flexible intraday settings allow companies to move funds during the day using real-time balances and enhanced sweeping. MBCC transactions are visible via B of A’s CashPro Online treasury management portal.

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