Treasury Services

NBL Cash Management covers current account sweeping service in all major currencies for accounts under NBL custody, and monitoring of cash balances for day-to-day business. The necessary cash is transferred effectively to relevant accounts without delay for the settlement of investments or any other requirements.

NBL also provides assistance and supplies detailed information on investments and cash movements to certain investment advisors.

In order to guarantee smooth cash movement, Cash Management has other important functions. These include providing special assistance when required and maintaining constant contact with our correspondent banks for daylight limit arrangements.

This results in optimised deposit taking and placing. It guarantees a reasonable return on uninvested cash balances for all NBL clients through a variety of types of deposits.

Foreign Exchange (FOREX) Services

NBL Treasury offers typical custodian-related FOREX services such as currency conversion for investments, fees and other day-to-day requirements. In addition, as one of its core services, NBL offers currency hedge contracts for Investment Funds by means of Forward Contracts. To meet the needs of even the most sophisticated funds structures, we are able to provide a flexible and effective spectrum of currency hedge arrangements (maturity date and administration).

The Treasury department can also receive standing instruction requests from clients for various FOREX executions, not only custodian-related FOREX, but also the more sophisticated hedge FOREX rollovers. The monitoring of hedge ratios is made in cooperation with Treasury Control and Support department on a regular basis.