Features
Enables your accounting
department to link operating (or sub accounts) accounts with a
central account, all held with Bank of Asia. When all daily debits
and credits are posted to the sub accounts, the Bank will automatically
off-set the sub accounts by
sweeping surplus funds
from the sub accounts to the central account, and/or
sweeping funds from
the central account to the sub accounts.
This also affords
companies an opportunity to shift liquidity from cash rich to
cash poor subsidiaries to improve the overall use of liquidity.
Benefits
- Eliminates or
Reduces Idle Balances: Eliminates the need to hold idle
balances in each account to meet end-of-day batch payments such
as cheque clearing and media clearing.
- Reduced Overdraft
Charges: System automatically off-sets any deficits with
credit balances, thus reducing the need to incur overdrafts.
- Reduced Transaction
& Administration Costs: System automatically sweeps
funds to cover cash shortfalls, which eliminates the time, effort
and costs involved in the physical movement of funds. Similarly,
the swept funds can be reversed the next business day to meet
daily transactions.
- Improved Yields
on the Investment of Surplus Funds: System enables surplus
funds of various entities to be physically commingled, providing
greater flexibility in making short-term investments to enhance
yields on available funds.
- Automated Computation
and Re-allocation of Interest: Interest is reallocated to
the respective accounts reducing the time and effort spent calculating
inter-company borrowings and inter-company settlements arising
from daily sweeps.
- Control:
Comprehensive reports are provided to the parent or group account,
detailing the daily activities of the swept balances, interest
benefits, and positions of each participating entity.
- Maximum Interest:
Automates the movement of funds from non-interest bearing accounts
to an interest bearing accounts
Contact
: Cash Management Customer Services
- Khun
Orawan Puthasripo Tel. 0-2343-4746
- Khun
Juntanee Rungsriruttanawong Tel. 0-2343-4753
Zero
Balance Concentration 
