Minimise interest on overdraft balances by automatically setting-off available credit balances against overdraft balances without physically moving funds from one account to another
Full Set-Off Cash Management and Marginal Set-Off Cash Management options available, depending on client legal structure and operating constraints
Automatically sweep excess funds from one account to another and/or automatically top up account balances to required levels at the end of a business day
Target balancing frequency can be daily, weekly, monthly or custom dates or any combination of the above with different plans for different days
Exercise treasury control over any or all bank accounts in the CashMan scheme by controlling the interest rate charged or paid to participating accounts
Distribution rates can differ to the agreed bank-client rate with the difference benefit maintained by head office treasury or a nominated party
Various schemes of distribution are available where interest can be distributed to anything from the top level of a group right down through to account level or any combination of account or sub-group within the scheme
Each interest distribution can be done at a different rate varying from account to account
Cash Management
Cash Management (CashMan) is a current account-based electronic banking system that manages and optimises your working capital balances.
Manages and optimises your working capital balances
Allows you to maximise on credit interest earning
Helps you manage balances and/or interest across different accounts or entities
It is suited to clients with multiple banking accounts and/or legal entities who wish to manage balances and/or interest across those accounts or entities.
Online Banking Enterprise™ has CashMan report which can either be printed or downloaded.
