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Cash Management Service for Corporate Customers

International Account Management

When you make use of International Account Management, your account statements from foreign banks are sent to Bank Austria in electronic form (SWIFT MT940), and can then be called up together with your domestic account statements. Payment transactions can then be generated on this basis in combination with our electronic banking products (such as BusinessLine).

This product is especially suitable for internationally active corporates wanting cross-border financial management on a centralised basis.

Services

  • Transmission of electronic account statements (SWIFT MT940) by foreign banks.
  • Complete financial status (providing information on accounts in Austria and abroad).
  • Initiation of account clearing transactions (SWIFT MT101 – "Request for Transfer").

Requirements

  • The foreign bank must be able to provide electronic account statements in SWIFT format MT940 and to process SWIFT format MT101.
  • Use of our electronic banking software to call up the account statements, generate overviews and to submit payment orders.
Contact 
for Corporate Customers  for Small Business 
+43 (0) 50505 - 42840   +43 (0) 50505 - 42460  

Our electronic banking team will be happy to provide you with further information.

Effective Pooling

This special service for internationally active corporate groups with subsidiaries in a single country or multiple countries offers both individual country pooling and cross-border pooling. In both cases, all available liquidity is concentrated into a single account, the master pooling account. For this, the daily balances of the different participating accounts are transferred to the master pooling account with a same-day value date.

The liquidity concentration parameters for our Effective Pooling service can be specified to meet your individual needs.

The possibilities include

  • Zero balancing – the consolidation of available liquidity into a pool account.
  • Target balancing for each participating account – the transfer of liquidity to a pooling account, taking freely definable target amounts into account.
  • Specification of minimum and/or maximum amounts for the transfers, etc.

All accounts managed in the same currency (for example EUR) can be tied to one pooling account. Any local transfer restrictions in the respective countries must be taken into account in cross-border pooling.

Advantages

  • Effective cross-border balancing of credit and debit balances for all participating accounts in different countries.
  • Efficient liquidity management.
  • Reduced costs through a more attractive net interest position and reduced administrative and IT requirements.
  • Supports centralised treasury management in large corporate groups.
  • Simple access through the nationwide branch network of Bank Austria in Austria and its network banks in CEE.
Contact 
for international Corporate Customers   for national Corporate Customers  
+43 (0) 50505 - 42807   +43 (0) 50505 - 42840

Our cash management team will be happy to provide you with further information.

Notional Pooling

Unlike Effective Pooling, Notional Pooling does not entail the actual transfer of funds from the participating accounts to the master pooling account at the end of the day. Under this service, the balances of the participating accounts are virtually offset against each other, with the net result being hypothetically transferred to the master pooling account. The balances of the participating accounts remain unchanged, and the credit or debit interest to be applied is calculated on the basis of the virtually aggregated balance.

Notional Pooling is available for all accounts maintained in the same currency (such as EUR).

Advantages

  • Virtual offsetting of the debit and credit balances of all participating accounts in a single country.
  • Improved net interest position.
  • Cost savings in administration and IT.
Contact 
for international Corporate Customers   for national Corporate Customers  
+43 (0) 50505 - 42807   +43 (0) 50505 - 42840  

Our cash management team will be happy to provide you with further information.

Margin Pooling

Margin Pooling is a special form of Notional Pooling that can be used for accounts in multiple currencies and in multiple countries. Under Margin Pooling, the customer is awarded an interest bonus that is based on

  • the relation between the total debit and credit balances and/or
  • the intensity of use of the services of Bank Austria.

A key component for the calculation of the bonus is the simultaneous presence of debit and credit balances on the customer’s different current accounts managed by our banking group. This method is very similar to Interest Compensation, but Margin Pooling also allows other criteria to be included in the calculation of the bonus, for example average balances or transaction volumes. As no balances are actually transferred under Margin Pooling, and as there is therefore no currency risk, this product can be used for accounts in multiple countries and in multiple currencies.

Margin Pooling is an ideal instrument for optimising interest earnings when Effective Pooling cannot be used due to the country-specific fiscal or corporate legal framework, or due to transfer restrictions. This product is also especially ideal for companies with decentralised treasury or cash management systems.

Advantages

  • Optimised interest yields – the more balanced the debit and credit balances on the participating accounts are (in a single or multiple countries), the higher the bonus.
  • Regular bonus payment.
  • No effective cross-border transfer of funds, and therefore independence from legal transfer restrictions.
  • Transparent system with clearly pre-predefined earnings potential.
Contact 
for international Corporate Customers  for national Corporate Customers 
+43 (0) 50505 - 42807  + 43 (0) 50505 - 42840 

Our cash management team will be happy to provide you with further information.

Trustee Interest Calculation

Trustee Interest Calculation allows to have distributed interest earnings from a running pooling service among the participating accounts by outsourcing this workload to Bank Austria. This service is characterised by the following features:

  • Interest calculation on the basis of different reference rates.
  • Prior period adjustments on the participating accounts.
  • Detailed reports on the interest assignment calculation for further group-internal processing.
Contact
for international Corporate Customers for national Corporate Customers
+43 (0) 50505 - 42807 + 43 (0) 50505 - 42840

Our cash management team will be happy to provide you with further information.