Business & Corporate Enterprise Service

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.

You can skip the periodic repayments for your active loans, as agreed in advance by both the lender and borrower. This feature is convenient when customers face economic crises due to individual or abnormal scenarios like COVID. All aspects of payment holidays are controlled by the bank, in agreement with the customer, and can be applied to any outstanding loan(s) of a customer.