Cash management — management of short-term liquidity — comprises the following services:
- Cash pooling — management of the company's single payment position
- Investment of account balances
- The Client's Settlement Centre — budget process support
- Information and analytical support and help desk
The Client's Settlement Centre
- Taking into account the requirement of holding-type corporate clients for consolidated payment information and control over budgeting of their subsidiaries, Bank Petrocommerce offers the following services
Pooling
Cash pooling — this service allows multi-holding companies to unite the accounts of all subsidiaries into the common system and efficiently distribute funds inside the Group.
This service allows to minimise banking services costs and to bring down the subsidiaries' borrowing costs.
Zero-balancing is the physical concentration of the Group's funds on the parent company's account for further re-distribution ensuring:
- reduction of the subsidiaries' needs for external funding and its costs;
- increase of the yield from placement of the pool of funds.
Target balancing is the debit of credit balances exceeding a certain limit.