Comprehensive overview of cash balances for groups of companies.
Efficient processing of domestic and international payment orders.
Swift messages MT940 and MT942
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Central cash balance management services – Swift message MT 101 – Request for debit and transfer
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Concentration of funds on accounts, or cash pooling
What is CASH POOLING? Pooling of cash and compensation of cash overages and shortages on the s. c. Master Account. Cash Pooling – Zero Balancing With Zero Balancing, the total available balance from various accounts is automatically transferred to the Master Account on a daily basis. On the other hand, all negative balances on respective Pooling Accounts are compensated for daily from the Master Account. The final goal of pooling is for all accounts to have an identical end-of-day balance of 0 and be compensated on the Master Account. Cash Pooling – Target Balancing With target balancing, cash is transferred at a certain time of the day based on:
The pre-condition for operational and automatic execution of pooling are messages MT 942 and MT 101. |
Contact our administrators who will happily help you with your final decision.