Difference between revisions of "Master account"
From ACT Wiki
(CSV import) |
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.
