Difference between revisions of "Master account"

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* [[Cash pool]]
 
* [[Cash pool]]
 
* [[Zero balance account]]
 
* [[Zero balance account]]
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[[Category:Cash_management]]

Revision as of 09:55, 9 October 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