International cash management review 2010: ICM services in Europe

Euromoney Limited, Registered in England & Wales, Company number 15236090

4 Bouverie Street, London, EC4Y 8AX

Copyright © Euromoney Limited 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

International cash management review 2010: ICM services in Europe

Euromoney’s annual survey of the ICM services available in Europe covers 20 banks: Bank of America Merrill Lynch, Barclays Bank, BBVA, BNP Paribas, Citi, Commerzbank, Danske, Deutsche Bank, HSBC, ING Bank, J.P. Morgan, KBC Bank, Nordea, RBS, RZB, Santander, SEB, Société Générale, Standard Chartered Bank and UniCredit.

The survey results for Europe given in Table 2 show: (click here to see Table 2: International cash management services in Europe 2010)

  • A variety of ICM strategies for the region, from providing integrated treasury, liquidity and credit solutions, to being the leading cash management services bank

  • Only six of the banks have their own branches in 10 or more countries in the eurozone; all the rest, except Standard Chartered, have combined own branch and partner bank coverage in at

    least nine

  • Overage of the rest of Western Europe varies considerably

  • UniCredit has by far the highest coverage of Central and Eastern Europe with its own branches in 19 countries, its closest rivals RZB and Société Générale in 13

  • All but one of the banks are direct members of the SEPA Credit Transfer scheme and all but three are direct members of the SEPA Direct Debit scheme

  • Mass payment and collection services are generally available across the region

  • Almost all the banks issue debit and credit cards, though only half issue prepaid cards

  • Payment card acquiring services are available from only half of the banks

  • Multilateral netting services are available from several of the banks covering many countries and currencies

  • Pan-European notional pooling services are available from all of the banks; the main difference is in the number of countries from which pools can be operated

  • Sweeping facilities are also available from all of the banks; J.P.

Gift this article