HSBC has launched an innovative new cash concentration solution, allowing corporate clients to automate in-country liquidity management every day of the week, including weekends and country holidays.

This innovation marks an important step towards HSBC supporting its clients in navigating the shift towards real-time treasury in an increasingly digital payment and business landscape.

By consolidating positive and negative balances across various HSBC bank accounts into a single account, companies can optimise liquidity, reduce borrowing costs and enhance financial flexibility, seven days a week.

Launching initially within the UAE and Egypt, this solution marks the first of its kind in the Middle East and will be expanded to other major geographies later this year.

Manish Kohli, Head of Global Payments Solutions at HSBC said:

“As global businesses operate in an increasingly real-time environment, liquidity management must keep pace. HSBC’s seven-day cash concentration solution ensures that companies can optimise their working capital every day of the week, enhancing efficiency and financial flexibility, whilst taking the first step towards building a real-time treasury.”

The seven-day cash concentration solution ensures that customers have a consistent liquidity management experience every day of the week. Using HSBC’s best-in-class Global Liquidity Solutions Self-Service platform, customers can be fully in control of their cash concentration structures seven days a week, by managing and amending sweep execution and inter-company position parameters.

The launch of this innovative solution reinforces HSBC’s commitment to delivering cutting-edge treasury solutions that help businesses adapt to changing payment and business landscapes.