International cash management
Through Bankline you can access Global Liquidity, a cash concentration service designed to optimise your international cash management. It's a funds transfer service, minimising the time you need to spend managing your finances.
Global Liquidity
If your company has accounts held with our partner banks around the world, Global Liquidity provides an online facility to:
- view full details of balances and transactions on your overseas accounts
- transfer funds between any of your accounts.
Based on sweeping and topping rules set by you, it automatically initiates transfers to move funds wherever they are required.
Once you have used Global Liquidity to consolidate your international cash positions onto accounts with us in the UK, a number of cash management options are available:
- group set-off or pooling arrangements
- zero and target balancing
- special interest bearing accounts
- money market deposits
- money market funds.
Global Liquidity also provides a dedicated monthly report for the management of inter-company loans. The report shows the running inter-company balances created by Global Liquidity's sweeps and tops between master and satellite accounts
Indicative 'arms-length' interest calculations are performed on the daily inter-company balances. The report can be exported via a CSV (Comma Separated Variable) format.
How to get Global Liquidity
Global Liquidity is an optional service. To find out more, please contact your Relationship Manager.
The time taken to set up the service will vary depending on the number and nature of accounts and banks involved.