Excess operating cash that sits idle is not meeting organizations’ needs. We assist our clients in understanding the services that may be available to help them, depending on where they do business and their individual liquidity needs. To help maximize the investment value of idle funds, we offer liquid investment vehicles through passive sweep services that let our clients begin earning interest immediately while funds remain liquid. These include:
- Repurchase agreements
- Money market mutual funds
- Overnight Eurodollar time deposits
- Late-night investment service
Having up-to-date and easy-to-access data is critical to managing liquidity effectively. BNY Mellon’s LiquidityDirectSM, our multicurrency cash management portal, helps our clients on this front in several ways. It helps permit organizations to streamline the liquidity management process via payment trend data to meet payment needs. Clients can also view real-time and historical intraday cash and liquidity information across multiple accounts. Finally, they can gain real-time access to intraday and previous day account information to help determine their cash position and reconcile accounts. The system provides a wide range of money market funds, individual money market securities and the ability to manage margin balances.