Treasury Services
Leaders in Payments, Trade Finance and Liquidity
At BNY Mellon Treasury Services, we don’t wait for the future to happen: we make it happen. Our business is defined not by innovation, but by reinvention. Across all three of our areas of specialization, we’ve established ourselves as industry leaders, improving existing products, integrating state-of-the-art technologies and introducing market-changing new capabilities.
In 2022, our business was recognized by The Banker with four awards for the firm’s innovative work to streamline and transform transaction processes over the year. The awards include 2022 Global Transaction Bank of the Year, Transaction Bank of the Year for North America, as well as top honors for Payments and for Trade Finance.
BNY Mellon also received two awards from EMEA Finance: Best Transactional Bank for Financial Institutions in EMEA and Best Payment Services for Financial Institutions in EMEA, and was also named Best Trade Finance Provider, North America by Global Finance in 2022.
Reinventing Payments
By 2017, US financial markets had not seen a new payments infrastructure introduced in more than four decades. That year, RTP® was launched, with BNY Mellon the first bank to originate a Real-Time Payment. Since then, we’ve been delivering instant payment and e-invoicing for institutions, as well as 24/7 bill pay and an unparalleled level of security. We continue to be leaders in this field to this day.
Digitizing Trade Finance
We are applying digital technologies such as blockchain to revolutionize the financing of international trade, connecting suppliers and receivers and keeping products moving around the globe.
Rethinking Liquidity
We are transforming how clients manage their liquidity, making the treasury function more efficient by developing new ways to assist you in your efforts to keep cash balances working for you, with new tools such as cross-currency sweeps.
Our Solutions by Client
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Cross-Border Payments
Cross-Border Payments
At BNY Mellon, we process an average of more than USD $1 trillion daily via CHIPS, Fedwire and international ACH. With branches in London, Frankfurt and Hong Kong, and a correspondent banking network of more than 1,600 global banks, we provide payments in the local currencies of 160 countries. Transactions may be initiated via SWIFT or draft or through one of our proprietary portals. Our payment solutions incorporate SWIFT gpi to provide increased transparency, speed and traceability.
Global Bank Payment Solutions
Global Bank Payment Solutions
In today’s complex global environment, our clients benefit from BNY Mellon’s vast network of payment services. Our solutions augment the investment lifecycle, both domestically and internationally, including U.S. dollar and multicurrency, treasury and commercial, low- and high-value, and one-time and repetitive payments.
Liquidity Management
Liquidity Management
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 services
LiquidityDirectSM
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.
Trade Solutions for Global Banks
Trade Solutions for Global Banks
Rely on our well-earned reputation for global scale, reliable speed and seamless integration. BNY Mellon has provided trade solutions to financial institutions since 1899. We were the first bank to implement a full letter of credit outsourcing solution, a proprietary private-label front- and back-end system and an Internet-based trade execution and reporting platform. Our private-label services offer North American banks the opportunity to leverage our global network, experienced trade experts and state-of-the-art, Internet-based trade processing and financing solutions to best serve their own clients.
