Multi-Currency Clearing Factsheet · Key benefits Consolidation of correspondent network Eliminate...
2
a b Multi-Currency Clearing A simple solution in a complex world The global trade of goods and securities continues to increase, driving the need for banks to execute foreign currency payments worldwide. It is not only propri- etary bank transactions driving this phenomenon, but also transactions executed by clients ranging from regional corporations to individual investors. Executing payments in multiple currencies requires a vast agent network, complex infrastructure investments and a multitude of processes. UBS Multi-Currency Clearing (MCC) product reduces the financial costs and infrastructure maintenance con- nected with international payments, providing you with a single entry point for all your payments needs. How does Multi-Currency Clearing work? UBS offers you a single point of entry for your cash and cur- rency needs. You have access to local clearing systems via UBS direct link or via our vast correspondent network. Traditional Payments model Non-MCC client Multi-Currency Clearing model Execute UBS Order MCC client For marketing purposes Key benefits Consolidation of correspondent network Eliminate expensive, infrequently used currency accounts and leverage UBS global payments infrastructure by concentrating flows. Efficient payments processing with the highest possible level of service Streamline your payments process whilst maintaining your global reach. Expand your offering to your client base without the need for further capital allocation Meet clients’ global payments needs more efficiently – you can offer your clients new products and services without having to invest in new infrastructure and human resources. A strategic partner servicing banks Our “The Bank for Banks” philosophy means we focus on providing the highest quality of service to banks. Flexible solutions for your foreign currency needs Multiple solutions are available based upon your payments needs. MCC: Basket of accounts If you carry out a substantial amount of international pay- ments in foreign currencies, receive incoming funds in foreign currencies to your credit or on behalf of clients, and you hold balances in foreign currencies, we offer a multi-currency set-up tailored to your needs. To enable payments transactions, accounts will be opened for you in one location. This is your single entry point which exe- cutes, receives and reports all payments transactions. Account netting is possible as a means of enhancing your liquidity. You can communicate with UBS via SWIFT or UBS KeyLink. You can receive credits, make account debits and hold balances in multiple currencies while benefiting from a single standardized process. Implementation support is readily available during the initial set-up phase to help facilitate the transition of your accounts.
Transcript of Multi-Currency Clearing Factsheet · Key benefits Consolidation of correspondent network Eliminate...
ab
Multi-Currency ClearingA simple solution in a complex world
The global trade of goods and securities continues to increase, driving the need for banks to execute foreign currency payments worldwide. It is not only propri-etary bank transactions driving this phenomenon, but also transactions executed by clients ranging from regional corporations to individual investors. Executing payments in multiple currencies requires a vast agent network, complex infrastructure investments and a multitude of processes.
UBS Multi-Currency Clearing (MCC) product reduces the financial costs and infrastructure maintenance con- nected with international payments, providing you with a single entry point for all your payments needs.
How does Multi-Currency Clearing work?
UBS offers you a single point of entry for your cash and cur-rency needs. You have access to local clearing systems via UBS direct link or via our vast correspondent network.
Traditional Payments model
Global market accessUBS Multi-Currency Clearing (MCC) offers a simple solution in a complex world
Multi-Currency ClearingTransaction BankingGlobal Cash Solutions
Key benefits
Consolidation of correspondent networkEliminate expensive, infrequently used currency accounts and leverage UBS global payments infrastructure by concentrating flows.
Efficient payments processing with the highest possible level of serviceStreamline your payments process whilst maintaining your global reach.
Expand your offering to your client base without the need for further capital allocationMeet clients’ global payments needs more efficiently – you can offer your clients new products and services without having to invest in new infrastructure and human resources.
A strategic partner servicing banksOur “The Bank for Banks” philosophy means we focus on providing the highest quality of service to banks.
Flexible solutions for your foreign currency needs
Multiple solutions are available based upon your payments needs.
MCC: Basket of accountsIf you carry out a substantial amount of international pay-ments in foreign currencies, receive incoming funds in foreign currencies to your credit or on behalf of clients, and you hold balances in foreign currencies, we offer a multi-currency set-up tailored to your needs.
To enable payments transactions, accounts will be opened for you in one location. This is your single entry point which exe-cutes, receives and reports all payments transactions. Account netting is possible as a means of enhancing your liquidity. You can communicate with UBS via SWIFT or UBS KeyLink. You can receive credits, make account debits and hold balances in multiple currencies while benefiting from a single standardized process. Implementation support is readily available during the initial set-up phase to help facilitate the transition of your accounts.
The global trade of goods and securities continues to increase, driving the need for banks to execute foreign currency payments worldwide. It is not only proprie-tary bank transactions driving this phenomenon, but also transactions executed by clients ranging from regional corporations to individual investors. Executing payments in multiple currencies requires a vast agent network, complex infrastructure investments and a multitude of processes.
UBS Multi-Currency Clearing (MCC) product reduces the financial costs and infrastructure maintenance con-nected with international payments, providing you with a single entry point for all your payments needs.
How does Multi-Currency Clearing work?
UBS offers you a single point of entry for your cash and currency needs. You have access to local clearing systems via UBS direct link or via our vast correspondent network.
Traditional Payments model
Multi-Currency Clearing model
Non-MCC client
Execute
UBSOrderMCC client
Multi-Currency Clearing model
Global market accessUBS Multi-Currency Clearing (MCC) offers a simple solution in a complex world
Multi-Currency ClearingTransaction BankingGlobal Cash Solutions
Key benefits
Consolidation of correspondent networkEliminate expensive, infrequently used currency accounts and leverage UBS global payments infrastructure by concentrating flows.
Efficient payments processing with the highest possible level of serviceStreamline your payments process whilst maintaining your global reach.
Expand your offering to your client base without the need for further capital allocationMeet clients’ global payments needs more efficiently – you can offer your clients new products and services without having to invest in new infrastructure and human resources.
A strategic partner servicing banksOur “The Bank for Banks” philosophy means we focus on providing the highest quality of service to banks.
Flexible solutions for your foreign currency needs
Multiple solutions are available based upon your payments needs.
MCC: Basket of accountsIf you carry out a substantial amount of international pay-ments in foreign currencies, receive incoming funds in foreign currencies to your credit or on behalf of clients, and you hold balances in foreign currencies, we offer a multi-currency set-up tailored to your needs.
To enable payments transactions, accounts will be opened for you in one location. This is your single entry point which exe-cutes, receives and reports all payments transactions. Account netting is possible as a means of enhancing your liquidity. You can communicate with UBS via SWIFT or UBS KeyLink. You can receive credits, make account debits and hold balances in multiple currencies while benefiting from a single standardized process. Implementation support is readily available during the initial set-up phase to help facilitate the transition of your accounts.
The global trade of goods and securities continues to increase, driving the need for banks to execute foreign currency payments worldwide. It is not only proprie-tary bank transactions driving this phenomenon, but also transactions executed by clients ranging from regional corporations to individual investors. Executing payments in multiple currencies requires a vast agent network, complex infrastructure investments and a multitude of processes.
UBS Multi-Currency Clearing (MCC) product reduces the financial costs and infrastructure maintenance con-nected with international payments, providing you with a single entry point for all your payments needs.
How does Multi-Currency Clearing work?
UBS offers you a single point of entry for your cash and currency needs. You have access to local clearing systems via UBS direct link or via our vast correspondent network.
Traditional Payments model
Multi-Currency Clearing model
Non-MCC client
Execute
UBSOrderMCC client
For marketing purposes
Key benefits
Consolidation of correspondent networkEliminate expensive, infrequently used currency accounts and leverage UBS global payments infrastructure by concentrating flows.
Efficient payments processing with the highest possible level of serviceStreamline your payments process whilst maintaining your global reach.
Expand your offering to your client base without the need for further capital allocationMeet clients’ global payments needs more efficiently – you can offer your clients new products and services without having to invest in new infrastructure and human resources.
A strategic partner servicing banksOur “The Bank for Banks” philosophy means we focus on providing the highest quality of service to banks.
Flexible solutions for your foreign currency needs
Multiple solutions are available based upon your payments needs.
MCC: Basket of accountsIf you carry out a substantial amount of international pay-ments in foreign currencies, receive incoming funds in foreign currencies to your credit or on behalf of clients, and youhold balances in foreign currencies, we offer a multi-currency set-up tailored to your needs.
To enable payments transactions, accounts will be opened for you in one location. This is your single entry point which exe-cutes, receives and reports all payments transactions. Account netting is possible as a means of enhancing your liquidity. You can communicate with UBS via SWIFT or UBS KeyLink. Youcan receive credits, make account debits and hold balances in multiple currencies while benefiting from a single standardized process. Implementation support is readily available duringthe initial set-up phase to help facilitate the transition of your accounts.
23887_TT_TG_Multi-Currency Clearing_e_2016_01_27.indd 1 29.01.16 13:50
MCC: Single-account solutionFor occasional payments in foreign currencies, a single-ac-count solution is available allowing payments to be made from your USD, CHF or EUR account. It combines the advantage of holding just one account with the benefits of a competitive multi-currency payments transaction product.
If you wish, we can provide you with a customized solution tailored to your currency requirements. Additionally, we offer a comprehensive range of Cash and Currency Services includ-ing FX, CLS Third-Party Service, Post Trade Services, Global Custody and UBS KeyLink Connectivity Services to comple-ment our payments products.
Key features
• Payments available in all G10 currencies plus a further range of exotic currencies
• Competitive cut-off times• Transparent fee and rate structure• Intraday liquidity enhancement through netting• Real-time reporting features• Interest and Cash Management Services• Consolidated account reporting• Global market access• Multi-lingual customer support• Funding Solutions
Value-added services
UBS offers value-added services to all of our payments clients.
• UBS KeyLink, our state-of-the-art, award-winning e-banking tool
• Guaranteed OUR, a pricing option to protect you against third party-costs
• Clearing Activity Report, a customizable report which allows you to reduce costs by improving payments and message quality
• Autoinquiry, an automated investigation service via SWIFT which removes the cost of payments investigations
• Implementation Support, a dedicated team is on hand to help you to ensure proper set-up and execution
If you have any questions or would like to receive furtherinformation, please contact your cash client advisor in Global Cash Solutions.
This publication is intended for information only and is not intended as a recommendation, an offer or a solicitation of an offer. Before making a decision, you should obtain relevant professional advice. Please note that UBS reserves the right to alter its services, products or prices at any time without prior notice. Certain products and services are subject to legal restrictions and cannot be offered worldwide on an unrestricted basis. Reproduction in whole or part is prohibited without prior permission from UBS.© UBS 2016. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. January 2016.
UBS Switzerland AG P.O. Box 8098 Zurich
23887_TT_TG_Multi-Currency Clearing_e_2016_01_27.indd 2 29.01.16 13:50
