Innovative Euro Concentration Product
The IBOS Association has announced the launch of a major new addition to its range of European liquidity products. IBOS Dzero Cash is the first multilateral concentration product which is delivered without the use of a so-called ‘overlay’ bank. Developed specifically for the concentration of euro positions, it links the normal banking activities of a multinational company that banks with IBOS member banks in several European countries. This multibanking product represents a major advance, because it creates a completely integrated service ranging from the local account through the national concentration mechanism and then to the regional ‘overlayed’ position within a coherent network and without loss of value.