BNP Paribas Introduces New Version of International Sweeping of Banks Accounts
BNP Paribas has launched its next generation multi-banks intraday cash sweeping solution. According to the bank, the new version will enable corporate clients to sweep their account balances held with third party banks on an intraday basis. Offering an automated intraday liquidity management gives treasurers the opportunity to invest their cash before market close. Existing multi-banks cash sweeping can either be mono or multi-currency and fully integrated within a BNP Paribas zero balance account.