The new Multi Bank Cash Concentration (MBCC) service uses BofA Merrill's centralized technology hub in their Global Liquidity Platform. The enhanced capability enables companies that work with a number of different banks, both local and global, to incorporate balances automatically held by all of their banks into a single cash concentration structure operated by BofA Merrill. MBCC is part of BofA Merrill's suite of liquidity products that enables corporate clients to manage their liquidity on a worldwide basis, regardless of their physical location.

One important feature of MBCC is its flexible intra day settings, such that funds can be moved during the business day using real-time balances and enhanced sweeping logic. MBCC transactions become visible on current day reporting through BofA Merrill's proprietary treasury management portal, CashPro® Online. Sweep transfer summary reports containing the details of the daily sweeps are provided monthly, also through CashPro.