The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

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

    least nine

  • 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.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree