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Client Case

  • Implementation Bank Independent Cash Pooling

    Corporate client chooses to organize the cash management organization differently. The solution provides an answer to today’s actual issues and it provides opportunities in the corporate finance function.

    The reason to choose for a bank independent cash pooling has to do with the fact that the Client is working with a significant number of local banks where bank accounts are maintained. The existing overlay cash management structure was not able to satisfy the wish of the Client to keep on working with these local banks. The existing banking solution proved to be expensive, difficult to adjust, and unfair covenants were asked for in agreements. Also external regulators (i.e. Basel III) will make it increasingly difficult for banks to offer a cost effective solution. A situation and challenge that many Treasurers will recognize.

    Also the recent developments with a number of big cash management banks has increased the need for bank independency in order to create continuity in the cash management organization. Therefore the Client launched a project to optimize and stabilize the cash management organization.

    The Client made the choice to organize the cash management organization differently. The solution provides an answer to today’s actual issues and problems (among others, banks re-defining core business) and the solution provides other opportunities to work with local banks that have added value to offer for the organization, without having to face the disadvantages in the cash management organization. The solution developed also brings stability in the funding of the organization and it will decrease bank dependency.