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Description
Cash Pooling (Sweeping / Zero Balancing) automatically concentrates, by currency, all the credit and debit balances of a group of accounts to a single “master” account and therefore transferring the whole available funds. There is an actual movement of fund between participating accounts and master account.
Benefit
- Simple concept
- Actual settlement of positions
- Reduce idle fund and improved internal fund effectiveness
- Ability to control the cash funds of the participating companies / branches
- Facilitate loan/borrowing transaction
Types :
- Batch sweep; Daily sweeping, done automatically at batch process (approx. at 19.00 – 21.00 WIB)
- Features:
- Mass sweeping
- Zero balance account
- Range balance account
- Online Mass Sweep: Scheduled sweeping, conducted at a pre-arranged time (cut-off time at 16.00 WIB). It can be done daily / weekly.
- Features:
- Mass sweeping
- Customized account structure
- Zero balance account
- Range balance account
Pricing
Due to its client centric design, fees may vary for each client. Fees structure will include client’s account structure, transaction complexity and number of accounts handled
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