More NewsBT Selects ABN AMRO as its European Cash Management Provider

BT Selects ABN AMRO as its European Cash Management Provider

BT Group has selected ABN AMRO as its European cash management provider. Under the terms of the four-year contract, ABN AMRO will provide primary banking services, including account, payment and collection services, across BT’s operations in 17 EMEA countries: Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Luxembourg, The Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden and Switzerland. The structure also includes automated, cross border cash concentration of euro flows to a single account, allowing BT’s treasury to manage short-term liquidity efficiently, minimising transaction and funding costs. Account and transaction information is reported to BT via ABN AMRO’s electronic banking systems. Implementation of the new structure is reportedly underway, and the first transactions have already been processed.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha