Prime Highlight
- HSBC UAE has introduced a Cross-Currency Cash Concentration Solution to help corporates and institutional clients manage liquidity efficiently across multiple currencies and markets.
- The service provides near real-time consolidated cash positions, enabling treasurers to optimise working capital and make faster, more informed decisions.
Key Facts
- The solution automatically combines cash balances from different currencies using prevailing spot FX rates, offering a single view of liquidity.
- HSBC plans to expand the service beyond the UAE to other MENA countries, supporting firms in managing FX exposure and centralising funds effectively.
Background
HSBC UAE launched a Cross-Currency Cash Concentration Solution to help companies manage liquidity more efficiently across different currencies and markets. The bank is starting the service in the UAE and will expand it to other MENA countries.
The new solution lets corporate and institutional clients automatically combine their cash balances from different currencies and entities into a single currency, almost in real time. It uses prevailing spot foreign exchange (FX) rates to carry out conversions and maintain accurate, up-to-date cash positions. By bringing all balances into a single view, treasurers gain clearer visibility of available liquidity and can optimise working capital across their operations.
Philippe Robert, Regional Head of Global Payment Solutions at HSBC MENAT, said corporates are seeking stronger control of liquidity amid today’s fast-moving economic conditions. He noted that the bank’s investment in cross-currency technology aims to simplify treasury processes while improving both transparency and cost efficiency.
The system’s near real-time nature allows treasurers to see consolidated positions faster and make decisions with greater confidence. According to Shaikha Almarri, Head of Banking at HSBC UAE, the solution offers a “smarter way” for finance teams to handle multi-currency liquidity, allowing them to focus on strategic priorities rather than routine cash management tasks.
HSBC stated that global businesses continue to face challenges linked to FX volatility, fragmented cash positions, and the need for fast access to liquidity. The bank said its solution is designed to help firms manage FX exposure, centralise funds, and ensure liquidity is accessible in the right currency at the right time.
HSBC is the largest international banking group operating in the Middle East, North Africa, and Türkiye, with assets of US$73 billion across nine regional markets as of the end of 2024.
