Best Cash Management Project in Asia Pacific - Bank of America and Qualcomm

With an expanding presence and extensive operations in Asia, the customer required a more efficient liquidity management system that could deploy and reallocate liquidity between markets. The system can reduce third-party borrowing at the group level, minimise human intervention through automation of cash surplus mobilisation, among other considerations such as compliance with regulatory frameworks of each country while managing foreign exchange (FX) exposure. The bank met these complex needs with the provision of a centralised, automated, flexible and efficient liquidity management system that leverages different cash sweep structures and an automated global liquidity platform.

For a solution that is tailor-made to the client’s needs and demonstrates the bank’s close collaboration with its customer as well as strong implementation capabilities, the Best Cash Management Project in Asia Pacific goes to Bank of America and Qualcomm.