Bank of America Merrill Lynch Announces New
Platform to Enhance Delivery of Global Liquidity
Centralized Technology Hub Will Provide More Effective Cash Management
July 08, 2010 08:03 AM Eastern Daylight Time
CHARLOTTE, N.C.--(EON: Enhanced Online News)--Bank of America Merrill Lynch today announced the
creation of a strategic platform to enhance the delivery of its global liquidity product offering. The new Global
Liquidity Platform is a centralized technology hub that enables the company to provide consistent, seamless and
integrated liquidity solutions to clients around the world.
The Global Liquidity Platform encompasses operational, liquidity and product-specific components, or modules, that
offer clients robust liquidity concentration products, global account connectivity and enhanced reporting capabilities.
BofA Merrill embarked on this multi-million dollar platform last year as part of the bank’s commitment to innovative
technology for its treasury management and corporate banking clients.
“As the financial climate has changed, our clients have become increasingly savvy about their liquidity needs and cash
concentration structure,” said Greg Kavanaugh, head of Global Liquidity, Pricing and Segment Integration at BofA
Merrill. “The new Global Liquidity Platform gives clients access to a truly global product offering and enables the
bank to bring new products to market faster and more efficiently. With a modular approach that operates through a
single hub, we are eliminating dependency on multiple account platforms.”
The power of the new Global Liquidity Platform is evident with Interest Optimization, which BofA Merrill launched
in April. Interest Optimization creates an end-of-day global position of client balances, which is important for client
accounts held in multiple currencies in countries and regions around the world. Interest Optimization takes that global
view of balances into consideration when determining interest benefit to the client.
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