Online service for companies to improve cash management
17 March 2008
UK bank Lloyds TSB has launched a new online service that could
benefit businesses within the healthcare sector by providing 'real time'
access to some of the most competitive deposit and foreign exchange
rates on the international markets.
Helen Woolcomb, Head of e-Solutions, Financial Market Sales, Lloyds
TSB Corporate Markets, said: "Many businesses in the healthcare sector
don't take full advantage of the opportunities presented by foreign
exchange and the money markets because traditional off-line solutions
can be too time intensive and therefore get pushed to the bottom of the
Lloyds TSB's own research suggests that one in three businesses that
could benefit are still missing out on e-trading opportunities. The bank
has launched a new online service called MarketsLink that is designed to
encourage more finance departments to use their company's cash more
efficiently and in the process potentially add thousands of pounds to
the bottom line each year.
MarketsLink is the first online trading tool from a UK bank to
feature the Reuters' Electronic Trading product (v3.3) and Lloyds TSB
also becomes the first bank to offer an auto-rollover facility for money
market trades on the system.