MCB Asset Management Company (AMC) Limited and MCB Bank Cash Management Division have recently entered into an arrangement to offer Cash Management Solution by the name of Cash Management Optimiser (C'MOP) to its Clients. The product is specially suited to corporate clients having the need of collecting cash from different locations and consolidating into a centralised account.
Through this service, corporate clients can take advantage of premium MCB Cash Management Collections Services and at the same time would benefit by parking their surplus collected cash in MCB Dynamic Cash Fund (DC F) by paperless online transaction and earns attractive returns on daily basis. AMC is a wholly owned subsidiary of MCB Bank Limited, which is one of the largest banks in Pakistan with a network of about 1,100 branches. This recent tie up between MCB Cash Management Division and MCB AMC is epoch-making and could be the trigger for a new revenue line for banks and AMCs.-PR