Cash Management

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IntroductionOur Cash Management module has been created to support all your corporate client’s liquidity needs. With its unique components, the Cash Management module brings corporates a complete, single view of liquidity positions and optimise cash to minimise costs and maximise returns. Available as part of our award winning core-banking solution, CorporateSuite benefits from the support of a complete front to back-office and product lifecycle management software and is a multi-product facility.

A range of integrated tools to meet the cash management needs of

your corporate customers

CashManagement

Like all modules within our CorporateSuite, the Cash Management module is highly scalable, with 24/7 availability built on an advanced secure open modular architecture framework.

Fully automated and online, efficiency and security are realised through a real-time solution which is rich in functionality and reduces your costs and operational and financial risk.

NotionalPooling

Multi-levelCash-Pooling

AccountSweeps

BalanceNetting

PhysicalPooling

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Highlights

Truly agile with complete controlIt is parameter driven to enable easy customisation. Simple to set-up. There is no need for users to understand the underlying business rules or code, so flexibility, business agility and productivity are boosted simultaneously.

Single, real-time visibilityRunning 24/7 and in real time, instant access to

information is available through internet banking

applications, optimising balances for optimum liquidity

management.

Enhanced efficiencyA massively scalable, straight through-processing solution combined with comprehensive business functionality and a modern, advanced, secure, open, modular architecture embedded in Temenos award winning Frameworks.

AutomaticOur Cash Management module offers the ultimate in

automation.

Broad functionality

Our Cash Management module has been designed to

meet your corporate customers needs. Multi-customer,

multi-currency and multi-entity can be selected and

calculating the amount to be swept, overdraft and

limit utilisation within Account Sweeping, means your

customers get the optimized liquidity position they

need. In addition, sweeps can be set up across groups of

accounts allowing a sweep from one account to distribute

to many accounts or many accounts to sweep into a single

account.

Efficiency is optimised through functions such as creating automatic payments triggered by specified rules and automatic balance management (see Account Sweeping) as well as automate fee-collection for the provision of services (see Pooling).

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Account SweepingOur Account Sweeping facility provides a mechanism to create automatic payments across a number of accounts triggered by the balance of an account reaching a “trigger” amount. A sweep can be used to maintain the balance of an account at a pre-defined minimum balance. To move surplus funds in excess of a maximum balance or a two-way sweep that will ensure the balance of an account remains between a lower and upper threshold.

Account Sweeping facility can be within the same legal entity, multi-currency and multi-entity. When calculating the amount to be swept, overdraft and limit utilisation may be taken into consideration. Sweeps can be set up across groups of accounts allowing a sweep from one account to distribute to many accounts or many accounts to sweep into a single account.

Surplus Sweep

Two Way Sweep

Multi-Currency Sweeps

Return Sweeps

Account Sweeping module facilities

Maintenance Sweep

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Account Sweeping

Benefits to you and your clients

Maintenance Sweep

Surplus Sweep

• Automatically moves funds over a particular balance into a specified target account.

• Ensures cash is efficiently used eg. To maximise interest or concentrate balances into a single account.

Two Way Sweep

• Automatically ensures an account balance is kept within a desired range.

• Accounts can be topped-up when minimum balance is not reached (within the same link)

• When maximum balance is exceeded surplus funds can be swept out (within the same link)

Multi-Currency Sweeps

• Executing sweeps between accounts in different currencies

Return Sweeps

• Configured to execute the sweep at the close of business.• Following execution, returns funds the next business day. • Allows surplus funds to be placed in an interest bearing

account overnight.• Surplus funds repaid the next day to provide operational

cash.

• Automatic top-up for balances below specified amount (from specified source account).

• Automatically ensures account balances remain above certain value.

Account Sweeping cont.

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Physical pooling/Cash concentration

Multi-level cash pooling

Single legal account

pooling/ Balance Netting

Multicurrency pooling

Notional pooling

Pooling

Our cash pooling module is designed to meet the needs of the most popular cash management product for a corporate. The module allows the creation of cash pool structures which balances multiple individual to be treated collectively. Through cash pooling arrangements and sweeping of balances interest companies paid and received by the corporate can be optimised. Our simple to use set-up enables banks to meet the pooling requirements of their corporate clients efficiently and automate fee-collection for the provision of services.

Our cash pooling module offers the following types of cash pool:

Pooling

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Our Notional Pooling service allows banks to offer their corporate customers the ability to pool balances of several accounts the purposes of interest optimisation without moving any funds between the accounts. Interest is calculated by notionally bringing the balances together into single pool. Interest earned on the pooled position is paid to a designated master account and this is also used to apportion and distributed to the accounts within the pool.

Notional Pooling

Key benefits to your customer

Notional Pooling

Autonomy for subsidiary

account owners who retain

control of their balances

Reduced costs

Ease of administration

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Physical Pooling creates liquidity efficiency by concentrating the balances of a group of accounts to a specified account. To ensure optimum efficiency cash pooling can run on a group or sub group manually on line throughout the day as required. Alternatively a group can be set-up to run only once at the end of day, at defined points intra-day or with full flexibility to run manually on-line, intra-day and end of day.

Physical Pooling/Cash Concentration

Key benefits to your customer

Central control of

funds

Physical Pooling/Cash Concentration

Optimised interest

Reduced credit facility requirements

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Accounts can be linked into a hierarchical structure of individual groups to create a Multi-level cash pool. Each group has its own main account to which sub accounts can be linked. A main account in one group can be a sub account within another group above it within a hierarchy. Multi-level cash pooling can be used in Notional Pooling and Physical Pooling structures.

Multi-level cash pooling

Single Legal Account/Balance NettingA hybrid cash pool, which provides all of the advantages of cash concentration but maintains records of individual account transaction and balances. Every transaction for an account within a pool is transparently diverted to a concentration account per currency whilst transaction accounts have a memo record of every entry and maintains a memo-balance. A Master Arrangement governs the Balance Netting Pool terms and conditions between the bank and the customer. The arrangement includes base currency, allowed currencies, country of domicile for the arrangement (transaction accounts can be domiciled at any branch), interest rates, fees and credit facilities. Multi-currency arrangements provide the option to calculate interest on the entire structure using via weighted interest rates.The arrangement allows Balance Netting Pools to be set to include accounts across all branches of the bank. The entire balance of the Balance Netting Pool can be viewed in currency of the master account bundle (no physical conversion takes place).

Key benefits to your customer

Sub accounts operate as if they are not

part of a pool

Single Legal Account/Balance Netting

Central treasury control

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