Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.