Difference between revisions of "Master account"

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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.  The master account may be interest-bearing.   
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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.
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The master account may be interest-bearing.   
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The process used by market participants before settlement of a transaction to ensure that they agree with respect to the terms of the transaction.   
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This is usually done by matching transaction confirmations sent to a counterparty with those received from that counterparty.
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''Also known as central account or concentration account.''
  
A master account is also known as central account or concentration account.
 
  
 
== See also ==
 
== See also ==
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* [[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.


See also