Why Monitor Your Cash Correspondents?
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The Solution
A comprehensive service:
Data and documentation is collected by Thomas Murray using our data management platform SupplierSelect for Financial Services.
Thomas Murray’s analysts then validate banks’ responses, ensuring completeness and follow up where necessary to obtain further information.
Responses are then analysed and scored against the industry’s agreed methodology.
Individual banks are assigned a risk rating, reviewed by an expert risk committee before being published to the client and responding bank.
The risks assessed:
Financial Risk (including credit rating, capital ratios, earning performance and other indicators of financial strength, viability and stability).
Operational Risk (including account servicing, systems controls, operational disruption, financial crime compliance and cybersecurity).
Service outputs:
Access to the submitted response.
Access to the Cash and Treasury market profile.
Access to the individual report.
Access to the benchmarking dashboard.




SupplierSelect for Financial Services
Industry Defined Questionnaire Response Validation and Scoring

Cash Correspondent Risk Analysis dashboard
Interactive Risk Graded Visual Analytics, Reports and Benchmarking
Related Products
Sub-Custodian Monitoring
Network Management support for banks in meeting regulatory, client and internal obligations for the periodic review of local agent banks. Thomas Murray assesses over 300 sub-custodians, supported by on-site visits to banks, contingency providers, and local capital market infrastructural entities in 95 markets.
Cash Market Information
Interactive data on local market practices for payments and treasury operations, covering over 100 markets worldwide. Regulations, FX trading rules, benchmark information and other data are updated continuously and supported by newsflashes.
SupplierSelect for Financial Services
Manage counterparty monitoring, due diligence, and service-provider selection projects. SupplierSelect for Financial Services simplifies the process of risk management, from drafting and issuing complex questionnaires to assessing and benchmarking responses through embedded analytical tools.
For all enquiries about Thomas Murray products, services and technology including the cash correspondent management service, please contact Derek Duggan.

Derek Duggan
Head of Sales
Tel: +44 (0) 20 8600 2305