(by Arthur Headner)

Treasury functions within banks are now able to hold the information about their cash position for nostro accounts.

Cable & Wireless’ real-time nostro data delivery service is now used by such global financial institutions as Citicorp, JP Morgan Chase, ANZ, Barclays and Mizuho. That gives them an opportunity to better operate working capital, they say.

C&W recently established its nostro data nub accessible directly as banking and corporate demands for real-time reconciliation are constantly growing. These technologies will also be used not only between banks and their corporate clients, but also between banks and their settlement systems.