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HSBC extends cash management solutions in Luxembourg with the launch of Multi Currency Notional Pooling.
Multi-Currency Notional Pooling allows clients to optimise their interest and manage global cash flows efficiently without funds being transferred, and is a popular and effective liquidity management tool in corporate treasury centres. Luxembourg becomes the 10th market in which the solution is offered by HSBC, and up to 21 major currencies can be included. This announcement follows the recent launch of Real-Time Payments, HSBC being amongst the first international cash management banks to go live with RTP in Luxembourg, accelerating cross-border payments by enabling clients to send and receive up to EUR100,000 per transaction between reachable accounts in any of...
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