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Cash Concentration
Product Overview
If your company has multiple accounts within HSBC or across other banks in Korea, you can benefit from our tailor made cash concentration solutions from which you can leverage surplus positions by offsetting deficits and optimizing returns. Furthermore, all accounts can be viewed and aggregated on a single screen on real-time basis by using Xpress Sweep.
Benefits
- Effective cash collection tool with improved control
- Maximize interest income while minimizing borrowing cost
- Processes simplified to lower administrative costs
- Reduced working capital needs
- Better management of liquidity and risk
Product Features
- Cash Concentration : Physical sweeping or movement of account surpluses to a central parent account. Any account deficits are then funded by the parent account
- Flexible sweeping amount and frequency
- Automatic sweeps through either Front-end or Back-end services
- Corporate card management
- Highly customizable reports
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
