Master account: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing and italics added 22/8/13) |
||
| Line 1: | Line 1: | ||
A bank account used in cash concentration to fund zero balance accounts automatically. | 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. | 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 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. | 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. | |||
''Also known as central account or concentration account.'' | |||
== See also == | == See also == | ||
| Line 11: | Line 16: | ||
* [[Cash pool]] | * [[Cash pool]] | ||
* [[Zero balance account]] | * [[Zero balance account]] | ||
Revision as of 09:26, 22 August 2013
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.
Also known as central account or concentration account.
