Master account: Difference between revisions
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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. | 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 | The master account may be interest-bearing. | ||
''Also known as central account or concentration account.'' | |||
== See also == | == See also == | ||
* [[Account]] | |||
* [[Cash concentration]] | * [[Cash concentration]] | ||
* [[Cash pool]] | * [[Cash pool]] | ||
* [[Intervention account]] | |||
* [[Legal implications of cash pooling structures]] | |||
* [[Zero balance account]] | * [[Zero balance account]] | ||
[[Category:Cash_management]] | |||
Latest revision as of 14:15, 6 July 2022
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.
