Developed in partnership with Hazeltree, a treasury solutions provider, the new service offers a comprehensive approach to managing cash based upon current balances, forecasted transactions and market data such as financing, interest and foreign exchange (FX) rates.
The Cash Optimization service leverages Hazeltree Optimizer, a rules-based cash optimization platform, and is fully integrated with Northern Trust HFS to provide clients a single dashboard with additional connectivity to Northern Trust’s FX and Liquidity Solutions Portal services, allowing investment managers to efficiently monitor liquidity, manage broker debit/credit cash positions, perform FX trades, and deploy excess cash. Cash Optimization is enriched with Northern Trust HFS data, including intraday cash activity and Cash Projection, to offer a comprehensive view of liquidity and cash positions.