Notional Pooling

Description

Notional Pooling is a mechanism of netting off the balance, by currency, of multiple accounts of participating companies (or branches of a company), so that the Bank will have a consolidated position of the company or Holding/Group, for the purpose of calculating interest based on the net balance. It will also facilitate inter-company borrowing without physical movement of funds.

In order to enable the Bank to settle the balance, it may require an agreement to be signed by participating companies (stipulating a crossed guarantee between participants).

Benefit

  • Technically simple to implement
  • Each participating company retains autonomy over its bank accounts
  • No inter-company loans appear in the accounts
  • Facilitate inter-company borrowing
  • Interest revenue calculation based on consolidated balance
  • Ensuring availability of fund for operational process

Features

  • Real-time consolidated balance
  • Overdraft limit possible
  • Same currency only
  • Redistribution of interest / charges set by Holding/Group

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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