Business & Corporate Enterprise Service

Creating a cash management structure (bundle) has three stages.Draft, Preliminary, Live

You can define an intra-cash pool transaction between transaction Accounts that are in different currencies without affecting the currency top accounts balances using the exchange rates set as Internal FX. In AA, a new product is created under the “Relationship Pricing” product line called, Internal FX. Under this product, the user can define the exchange rates for each currency pair that is used when the system performs intra-cash pool transactions. Internal FX will allow the corporate customer to perform cross-currency movements without affecting the bank’s currency positions.

Account Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. With this functionality, you can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.

You can define the settlement process of the defined interest conditions between the bank and the customer. The settlement instruction includes credit and debit interest, settlement accounts, settlement mode, and so on for pay-in and pay-out activities.

You can define the fixed and floating interest rates for credit balance, debit balance, and penalty charges for summary accounts and currency summary accounts. The interest conditions defined for the summary accounts are inherited from their underlying virtual accounts.

You can define the conditions for the schedule and frequency of pay-in and pay-out transactions when the structure is in the live stage. You can also define the schedule for individual summary accounts within the structure (provided they are in the live stage).

You can temporarily deactivate either an entire structure or individual virtual accounts, thereby preventing both the structure and its associated virtual accounts from conducting transactions during that specific period.

You can choose to set an Internal FX rate for each customer, and these rates can be applied across different structures for the same customer within the bank.

You can set secondary limits for an account that has one or more child accounts. A primary limit is the minimum and maximum limit of a parent account (for example, a summary account or currency summary account) whereas a secondary limit indicates the minimum and maximum limit of the virtual accounts under the parent account. For instance, if a summary account with two transaction accounts has a primary limit of 10000 EUR, you can set the secondary limit for each transaction account at 5000 EUR.

You can close the entire structure at any stage, which eventually closes all its underlying virtual accounts.

The bundle is restructured by changing the parent or pool for a particular account provided with the same currency.

Interest accrual is the accumulation of interest on funds that are deposited into an interest-bearing account over a period. It can occur daily, monthly, quarterly, or annually depending on the account terms. The below service operations are used to retrieve the interest accrued for various time frames.

Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. You can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.

Finances of a cash management structure has the following balance information.

Account details include displaying of transaction account summary and the details of the accounts individually under a bundle.