Maslow's pyramid and Master account: Difference between pages
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A bank account used in cash concentration to fund zero balance accounts automatically. | |||
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. | |||
The process used by market participants before settlement of a transaction to ensure that they agree with respect to the terms of the transaction. This is usually done by matching transaction confirmations sent to a counterparty with those received from that counterparty. | |||
A master account is also known as central account or concentration account. | |||
==See also== | == See also == | ||
*[[ | * [[Cash concentration]] | ||
*[[ | * [[Cash pool]] | ||
*[[ | * [[Zero balance account]] | ||
Revision as of 14:20, 23 October 2012
A bank account used in cash concentration to fund zero balance accounts automatically.
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.
The process used by market participants before settlement of a transaction to ensure that they agree with respect to the terms of the transaction. This is usually done by matching transaction confirmations sent to a counterparty with those received from that counterparty.
A master account is also known as central account or concentration account.
See also
