Treasury Today writes "A holistic approach to managing liquidity". The article says, "By breaking down silos and bringing specialist departments together, banks are far better placed to come up with holistic end-to-end solutions for their corporate clients – and their respective needs. We speak to Jim Fuell, Managing Director, Head of Global Liquidity, EMEA, J.P. Morgan Asset Management and Yera Hagopian, Liquidity Solutions Executive, EMEA, J.P. Morgan Treasury Services, about how this approach can help address the liquidity challenges that corporates face today." Fuell comments to TT, "We're in an environment right now where global interest rates are at historically low levels. In the Eurozone, the situation is particularly exacerbated as we are experiencing an unprecedented environment with negative yields being offered, so never has it been more important for corporate investors to ensure that they understand where their cash is -- and how best to use it. As widely publicised, corporates have been carrying higher levels of cash and the cost of liquidity is becoming increasingly expensive. Not only are yields extremely poor but in some instances banks are effectively charging corporates to take their money. In evaluating the current yield outlook, corporate treasurers may begin using more of their surplus liquidity to pay down debt as suitable investment opportunities may appear scarcer than ever. From an investment management perspective, we are working closely with corporate treasurers who are asking how they can improve the return on their surplus cash."
