Treasury News Network

Learn & Share the latest News & Analysis in Corporate Treasury

  1. Home
  2. Cash & Liquidity Management
  3. Investing

TreasuryXpress and FXD Capital target idle corporate cash

TreasuryXpress has announced a partnership with FXD Capital, which aims to help corporate treasurers and finance directors achieve comprehensive cash visibility and improve the way they manage their idle cash.

FXD Capital provides services that are designed to help corporates enhance liquidity, diversify counterparty risk and maximise yield, through a range of term deposits, notice accounts, and money market funds.

Through this joint offering, clients of TreasuryXpress will now be able to use FXD’s proactive deposit rate aggregation solution to access a broader range of counterparties and rates. This should reduce time spent on rate negotiation and onboarding processes to increase the value of idle cash. The companies says it will also diversify relationships and reduce risk by aligning counterparty fundamentals with treasury policies, as well as improve cash utilisation and liquidity through streamlined cash visibility, decision making, and reporting.

"Through our on-demand treasury management solution, we enable treasurers to analyse their entire cash flow and position, identifying better opportunities to put their cash to work,” commented Tom Leitch, chief operating officer of TreasuryXpress. “By leveraging FXD to identify better rates and match our clients with complementary counterparties, we make it easier for clients to achieve a better return on their cash."

Like this item? Get our Weekly Update newsletter. Subscribe today

Also see

Add a comment

New comment submissions are moderated.