Thomas Murray's Cash Correspondent Monitoring program assists banks in meeting regulatory, fiduciary and internal obligations with the review of their network of appointed cash correspondence partners, globally.
The service supplements the banks’ own internal operational process review and helps with service information gathering, assessment and on-going monitoring, thereby reducing disruption of having employees away from the office. Importantly, both operational and cost efficiencies are gained through using Thomas Murray.
Thomas Murray's network coverage incorporates all markets and cash correspondents used by our clients and includes on-site operational reviews in all locations. The service delivers a proprietary cash correspondent assessment report and related call report from the on-site visit to the appointed local bank. Clients have access to Thomas Murray Cash Correspondents monitoring questionnaire, issued annually, for each of the clients’ cash correspondent bank relationships.
Clients who use this product
Thomas Murray is the leading provider of data, risk assessments and analytics on global capital markets and financial counterparties.
Banks, funds and capital market institutions use Thomas Murray's products and services to supplement their internal resources, meet regulatory obligations and reduce costs.