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Liquidity Risks addressed by Real-Time Cash Reporting Service
London – 21 June 2010 – Gresham Computing plc, the real-time financial solutions specialist, is pleased to announce the following progress and enhancements to its Clareti Cash Reporting Service, formerly known as Real-Time Nostro.
SWIFT membership enhances Liquidity picture for users
Gresham has been a corporate member of SWIFT for some time and we are pleased to announce a recent upgrade to NOn-SUpervised (NOSU) status. As a result, the Cash Reporting Service is now able to receive and present any SWIFT message type, when previously we were restricted to the MT9nn series of payment messages.
For example, we have had demand for, and are now able to receive, MT5nn series (securities) messages over SWIFT. This means that estimated balances can now include the expected cash movement far earlier in the day, giving clear sight of ‘booked’ cash movements alongside settled cash positions.
This enhancement greatly enriches the information now available to users managing Liquidity risk and the critical end of day funding processes.
Can I trial the Cash Reporting Service?
Yes. If you would like to undertake a trial of the service, simply contact a Gresham representative and we will be happy to discuss the currencies available and subscription process.
For more information, please contact:
| Gresham Computing plc | +44 (0) 20 7653 0200 |
| Technical enquiries and questions Steve Scott, Managing Director Cash Reporting | sscott@gresham-computing.com +44 (0) 20 7653 0213 |
| Roy McPherson, Product & sales support manager | rmcpherson@gresham-computing.com +44 (0) 20 7653 0221 |
| Subscriptions and sales enquiries Jon Burghart, Sales director | jburghart@gresham-computing.com +44 (0) 20 7653 0200 |
Notes to editors
The Cash Reporting Service, formerly known as Real-Time Nostro, was launched in 2003 and has been operationally live with many of the largest banks in the world since that time. The service currently has 23 active ‘provider’ banks supplying their correspondent user banks with information on a total of 18 currencies. The service is operated by Gresham and provides a centrally hosted secure environment for the standardisation and exchange of real-time information on cash held in accounts maintained at various counterparties / correspondents.
About Gresham Computing plc
Gresham Computing plc is an expert in delivering real-time financial services, specialising in providing banks and their customers with value-added solutions. Founded in 1969, Gresham Computing plc has been listed on the London Stock Exchange (GHT) since 1991 and has offices in Europe, North America and Asia Pacific. Gresham is a SWIFT corporate member.