Multilateral netting
Netting centrally settles inter-company and third-party invoices between more than two subsidiaries. It reduces multiple cash flows to just one single settlement for each subsidiary, substantially reducing the associated cost of payments and foreign currency trades. Our global netting solution is offered by our global liquidity management specialist Bank Mendes Gans (BMG).
Fully outsourced process and settlement
A centralised FX tool
No need to open accounts at BMG
Your netting solution for all entities
Centralise control and visibility
Introducing a single global netting concept that covers all currencies and countries helps companies to standardise information and increase control. This saves time on transaction processing, reconciliation and problem resolution. It also provides better visibility of net FX positions at the corporate level, which functions as a powerful tool for hedging exposures.
Minimise transactions and FX
Cut the number of international payments from thousands to just one per subsidiary per month. Fewer transactions means fewer counterparties. Our solution has helped clients to achieve significant reductions in both payments and FX costs, between 55% and 80% on average.
Reduce workload
We take care of all the resource, operational and financial burdens so that you can focus on strategic decision-making. There is no more need for hiring, keeping up expertise, continuity concerns or technology investments.
Benefit from a truly global netting
Optimised settlements
Evolve from randomly settling inter-company transactions on various due dates to combining all payable and receivable transactions into just one netted amount per subsidiary. Our sophisticated netting solution saves administration time and can be used for all kinds of international payments, from inter-company loans to dividends.
Overcome local restrictions
Netting allows all your entities, regardless of country of domicile, to settle their obligations to other entities in any other country. This includes entities in countries that restrict the actual offsetting of payables and receivables.
Multilateral netting - simplicity at its best
Flexible
Settles over your local accounts. No need to open a bank account with us. Easy to integrate with treasury systems and ERPs. Run once a month or as often as you need.
Truly global
Settles worldwide transactions in up to 37 currencies and over 70 countries.
Outsourced in-house bank
To adequately support netting we provide a full-fledged banking platform that many of our clients also use for cash pooling, global reporting and many other banking tasks.
Put our single global concept into action
Click Opens in a new tabhere to contact us for more information.