ProLiquidity Corporate provides a cash management tool for a bank's corporate clients including functionality for

• Balance reporting for accounts in several banks, including own bank
• Sweeping and topping calculations and transactions
• Administration and information

Balance reporting in ProLiquidity
Structured balance reporting information is displayed in user-friendly web screens. Balances are displayed in different dimensions, according to a client-specific configuration, with total sums per company, per bank or split per currency. Counter values are displayed giving clients rapid access to cash position information. Drill-down facilities to transactions and transaction details are also available.

The information is updated based on the standard SWIFT MT940 balance reporting messages and in realtime using intraday MT942 interim transaction reports. ProLiquidity also includes functionality to request further account statement updates from partner banks, using SWIFT MT920 request messages.

Sweeping and topping functionality
ProLiquidity offers a sweeping and topping functionality between accounts in different banks, including own bank. Based on the calculated cleared balances, it is possible to initiate a funds sweeping or topping process between a corporate's accounts and generate a transfer or a request for transfer transaction. Transfers are sent to the bank’s payment system through a standard internal format and requests for transfers as SWIFT MT101 messages. The sweeping and topping process can be fully automated by defining account agreements. It is also possible to initiate sweeping and topping instructions manually.

Parameter administration
Account agreements, partner bank and customer data are maintained in ProDirectory, the payment solution component for centralised business data administration and information. Corporate clients can access relevant data in ProDirectory through the ProLiquidity application, within the bank-defined authorisation and authentication framework.

Corporate benefits

• Automated cash management processing
• Balance reporting for all accounts in one channel and one format
• Improved balance reporting information, also including detailed level reporting
• Flexible agreement administration according to specific client requirements
• Efficient, automated sweeping and topping of accounts
• Manual sweeping and topping operations when required
• Client access to information and maintenance of agreements and user information
• User-friendly display of information, warnings and alerts

Bank benefits

• Enhances the bank's total offering of value-added services to international corporate customers
• Supports bank's position as main banking connection for corporate customers, whilst customers are able to retain multiple accounts and currencies in partner banks worldwide
• Results in increased customer satisfaction and loyalty