Master account

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Revision as of 11:08, 1 December 2014 by Doug Williamson (Talk | contribs) (Linked to The Treasurers Handbook - Legal implications of cash pooling structures)

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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