Master account and SLY: Difference between pages

Revision as of 19:37, 20 November 2015

The key short-term investment principles and prioritisation of:

Security

Liquidity and

Yield

This ordering of the principles and considerations is fundamentally important.

The safety and security of the funds invested are always the first priority.

Yield is the least important of the three considerations.

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-A bank account used in cash concentration to fund zero balance accounts automatically.
+The key short-term investment principles and prioritisation of:
-More specifically an account in a cash pooling structure used to fund zero/target/threshold balance accounts automatically or concentrate funds from participating accounts automatically.
-The master account may be interest-bearing.
+<b>S</b>ecurity
+<b>L</b>iquidity and
+<b>Y</b>ield
+This ordering of the principles and considerations is fundamentally important.
+The safety and security of the funds invested are always the first priority.
+Yield is the least important of the three considerations.
-''Also known as central account or concentration account.''
 == See also ==
-* [[Cash concentration]]
+*[[Security]]
-* [[Cash pool]]
+*[[Liquidity]]
-* [[Zero balance account]]
+*[[Yield]]
-* [[Legal implications of cash pooling structures]]
-[[Category:Cash_management]]
+===Other links===
+*[[Media:Risk and return.pdf| The Icelandic banking saga and English local authorities, UK Audit Commission, 2009]]
+*[[Media:2015_06_June_-_Safety_first.pdf| Safety first, The Treasurer, 2015]]