International cash management review 2010: ICM services in Europe
Euromoney’s annual survey of the ICM services available in Europe covers 20 banks: Bank of America Merrill Lynch, Barclays Bank, BBVA, BNP Paribas, Citi, Commerzbank, Danske, Deutsche Bank, HSBC, ING Bank, J.P. Morgan, KBC Bank, Nordea, RBS, RZB, Santander, SEB, Société Générale, Standard Chartered Bank and UniCredit.
The survey results for Europe given in Table 2 show: (click here to see Table 2: International cash management services in Europe 2010)
A variety of ICM strategies for the region, from providing integrated treasury, liquidity and credit solutions, to being the leading cash management services bank
Only six of the banks have their own branches in 10 or more countries in the eurozone; all the rest, except Standard Chartered, have combined own branch and partner bank coverage in at
Overage of the rest of Western Europe varies considerably
UniCredit has by far the highest coverage of Central and Eastern Europe with its own branches in 19 countries, its closest rivals RZB and Société Générale in 13
All but one of the banks are direct members of the SEPA Credit Transfer scheme and all but three are direct members of the SEPA Direct Debit scheme
Mass payment and collection services are generally available across the region
Almost all the banks issue debit and credit cards, though only half issue prepaid cards
Payment card acquiring services are available from only half of the banks
Multilateral netting services are available from several of the banks covering many countries and currencies
Pan-European notional pooling services are available from all of the banks; the main difference is in the number of countries from which pools can be operated
Sweeping facilities are also available from all of the banks; J.P.