Cash and Accounts
Optimise your group cash balance through the automated movement of funds
Earn higher yield and lower overdraft charges with Cash Concentration, one of DBS’s innovative liquidity management tools. Cash Concentration allows you to move funds automatically between accounts to achieve a zero or target balance set on each of your business’ sub accounts. With zero balance setup, surplus funds in sub accounts are swept to and deficits funded from the parent account.
Why choose DBS Cash Concentration?
Yes, we can support structures in different currencies. However, each structure can only consist of accounts of the same currency.
Yes, we can. We recalculate your balances for previous dates if there is a back-valued transaction and perform a back-valued sweep accordingly. This can be done for any transaction completed in the same month for SGD accounts. It can be done for the current and previous month for non-SGD accounts.
Cash Concentration involves the physical movement of funds into a concentration account. There is no physical movement of funds for Notional Pooling, because account balances are notionally set-off. However, Cash Concentration creates inter-company loans, because there's physical movement of funds between accounts belonging to different companies.
Yes, we have regional liquidity management capabilities such as cross-border sweep and interest optimisation. However, the availability of liquidity management capabilities is subject to regulations in each country.
Funds on hold in the sub-account are not available for use, and therefore can't be swept up to the master account. Common examples include GIRO collection transactions and cheque deposits, which are placed on hold until they are cleared the next business day.
How do I apply?
Simply call us at 1800 222 2200, or +65 6222 2200 if you are calling from overseas to apply. Alternatively, please speak with your relationship manager.