Global Liquidity Solution

HSBC worked in partnership with Holcim to create a future proof structure centred around a global account platform in the Netherlands, where the multi-currency notional pool (MNCP) is domiciled. The MCNP is connected to three main cash concentration structures handling the repatriation of EUR, USD, and GBP balances to the global pool. Additional operational currencies are also connected to the pool via cash concentration.

Available balances are swept automatically daily from HSBC and third-party bank accounts located in 19 markets where Holcim operate, such as New Zealand, the UAE, the UK, Mexico, or the US, all to the pool based in the Netherlands, including 13 currencies.

Holcim also implemented HSBC’s Liquidity Management Platform (LMP), a digital self-service tool allowing Holcim to access and amend detailed parameters in real-time. Key features leveraged by Holcim include liquidity structure management, control and self-service over cash concentration, intercompany lending and automated sweep arrangements, visualisation of the notional pool structure and the ability to set control limits, position alerts and interest rates.

As a result of the centralised approach and comprehensive administrative tool, the entire structure can be managed by one single person, who has oversight of 19 markets in five regions, the more than 170 entities directly or indirectly connected to the pool, 13 currencies and close to 60 bank accounts.