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Help over Basel lll requirements

BNY Mellon has launched a new offering called Intraday Liquidity Analytics that will help clients address liquidity transparency and intraday overdraft coverage requirements under Basel III.

A spokesman said, “Leveraging BNY Mellon’s collateral and cash management strengths, this new enhancement to the company’s TreasuryEdgeSM electronic banking platform helps clients better manage costs associated with intraday liquidity; reduce intraday overdrafts; and manage payment flows more easily and efficiently.”

It will also provide clients with improved access to real time and historical intraday cash and liquidity information across multiple accounts, presenting data in both graphical and detailed transaction formats.

“Helping clients deal with the new liquidity requirements under Basel III is another example of how providing insights and understanding, as well as data and information, has become indispensable to the delivery of effective liquidity and cash management services,” said Susan Skerritt, executive vice president and global head of business strategy and market solutions for BNY Mellon’s Treasury Services group.

“Intraday Liquidity Analytics represents an important new dimension of service, and providing it on our TreasuryEdge platform makes it an integral part of our support for BNY Mellon clients.”

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