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 priority pile."

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.

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