Today, Novantas released the Treasury Strategies 2016 Corporate Treasury Survey revealing the primary bank position yields disproportionately large benefits in deposits and fees. The survey was conducted to study cash management and liquidity buying habits of middle market and large corporations, revenues between $50 million – $10 billion+, to better understand how corporates are responding to regulatory and economic reform.
According to Dave Robertson, Managing Director of Novantas, “our research quantifies a long-held belief about the value of being the primary provider. While the primary provider provided, on average, less than half of required credit funding — the primary deposit and services providers enjoyed nearly two-thirds of the deposit and fee wallet.”