Tag: multi currency netting

multi currency netting

BAML Launches Multicurrency Netting Tool

Bank of America Merrill Lynch (BAML) has announced that it has expanded its payments capabilities with the launch of a new multicurrency netting solution.
The bank says the new solution centralises inter-company payments, enabling large companies that operate across multiple borders to reduce both the number of payments and the total value of payments made between companies that regularly invoice one another.
Large corporations typically make hundreds of inter-company payments worth millions of dollars every month, the bank further adds.