Master account: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Legal implications of cash pooling structures) |
imported>Doug Williamson (Remove non-relevant paragraph.) |
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The master account may be interest-bearing. | The master account may be interest-bearing. | ||
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.
