Difference between revisions of "Master account"

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(Linked to The Treasurers Handbook - Legal implications of cash pooling structures)
(Remove non-relevant paragraph.)
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The master account may be interest-bearing.     
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.

Revision as of 21:06, 7 April 2015

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.

Also known as central account or concentration account.

See also