BankingCorporate to Bank RelationshipsBofA Merrill Launches New Transaction Services Capabilities in Brazil

BofA Merrill Launches New Transaction Services Capabilities in Brazil

Bank of America Merrill Lynch (BofA Merrill) has launched new capabilities for its corporate clients doing business in Brazil. Brazil-Auto-Invest is a liquidity and investment product that automatically sweeps cash surpluses of Brazilian Real (BRL) into certificates of deposit (CDBs). Boletos Collections is a payments solution for the country’s most widely used billing method. The solutions are designed to help companies optimise their excess cash and working capital.
 
A corporate using Brazil-Auto-Invest has the potential to:

  • Increase the earning potential of its BRL balances by using a fully automated process to earn returns on excess balances
  • Tailor investment terms by investing in CDBs with durations that suit the company’s particular needs
  • Receive comprehensive reporting that facilitates reconciliation and reporting.

Boleto Collections is designed to offer the following benefits:

  • The ability to customise a collections programme and issue both registered and unregistered Boletos in BRL and US dollars.
  • The possibility to retrieve Boletos by regular mail or email. The option to recalculate and reissue past-due Boletos online also in development.
  • Corporates can issue Boletos through the bank’s set of file access solutions, CashPro Connect or CashPro Online.
  • Corporates can reconcile and manage their receivables through reports delivered electronically through CashPro Connect or CashPro Online.

 

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