Mandiri Cash Concentration

Description

Cash Pooling (Sweeping / Zero Balancing) is automatically concentrating, 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

Types

  1. Batch Sweep
    Daily sweeping, automatically process at batch (approx. at 23.00 – 24.00 WIB)
    Features:
    • Mutli Tier Sweeping
    • Target Balance Account
    • Zero Balance Account
    • Range Balance Account
  2. 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:
    • Mutli Tier Sweeping
    • Target Balance Account
    • Zero Balance Account
    • Range Balance Account

For further information please contact:

Hotline Service :
PT Bank Mandiri (Persero) Tbk.
Product Management Group
Cash Management Dept.
Plaza Mandiri Lantai 24
Jl. Jend. Gatot Subroto Kav.36-38
Jakarta Selatan 12190
Telp : 021-52963001-3
Faks : 021-52904290
E-mail : cashmanagement@bankmandiri.co.id

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