Pooling: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Legal implications of cash pooling structures) |
imported>Doug Williamson (Added link to Treasurer's Handbook) |
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* [[CertICM]] | * [[CertICM]] | ||
* [[Legal implications of cash pooling structures]] | * [[Legal implications of cash pooling structures]] | ||
* [[The future of pooling]] | |||
Revision as of 14:58, 12 November 2015
1.
A procedure in which excess funds in the bank accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.
2.
The core principle of fund management, where individual investors with the same investment objective bring their moneys together in a single investment vehicle portfolio.
In exchange for the moneys brought in, the investor receives a proportional share in the mutual fund’s underlying assets.
