About the service
Cash pooling
Cash pooling is an effective means of managing intragroup liquidity by consolidating
funds into a single Master Account, and financing all group accounts to ensure
payments to all pool participants
Types of services
Accumulation
Automatic transfer of the free balance of
funds from the accounts of subsidiaries to
the Master Account of the Head company
Financing
Automatic transfer of funds from
the Master Account of the Head company
to the accounts of subsidiaries in order
to ensure the execution of their payments
in case of insufficient own funds
and to maintain the balance
Information
Algorithm for group of companies
- During the operational day subsidiary offices perform their payments with their own funds
- In case of insufficient funds transfers are made by using Master Account funds and the overdraft limit formed on the Master Account (example: company 3)
- The Bank automatically debits funds from subsidiary s account to the Master Account of the Head company (the schedule is formed by the Client)
- The debit is made from accounts of companies with positive balances (example: companies 1 and 2)
- The purpose of the payment is filled in automatically in payment orders
Why VTB:
- Quick and efficient automated distribution of cash flows within the group
- Reduced financial costs (including the cost and size of external borrowings)
- Automated analysis of the viability of debit transactions
- Automated generation of payment documents and transfers