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Deutsche offers USD global cash concentration

As part of its liquidity management offering, Deutsche Bank is set to introduce a cross-regional USD global cash concentration facility for its corporate treasury clients. The platform will allow treasurers to move any excess funds at the end of the day from dollar accounts held in London or Frankfurt to Deutsche Bank Trust Company Americas on a same day basis. The main advantages, according to Deutsche, include: same day funds availability; cover funding protection so that overdraft positions are by-passed, and; improved control and transparency. A reduction in the dependence on credit lines is also a feature, says the bank.


Klaus-Bernd Schalkowski, Deutshe's European head of liquidity management, comments: ?In response to client demand, Deutsche Bank chose to broaden its already extensive suite of liquidity management products to include USD global cash concentration. By automating a previously manual and time-consuming process, treasurers are able to tighten their control over their liquidity as well as optimize their use of funds.?

The service will be expanded in 2005 when USD accounts held in Asia will be integrated.

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