API Console
Executive Summary
Cash Concentration is a cash management service aimed at moving a balance, or part of a balance of an account to a different account to meet various requirements.
Examples of Use
A customer has an agreement to replenish a Current Account from a second account when there are insufficient funds to meet scheduled payments
Role Definition
Cash Concentration is a cash management service aimed at moving a balance, or part of a balance of an account to a different account. This can be done periodically and ad-hoc. Objectives could be to zero a specific account (e.g. during each EOD) or to replenish a particular account (e.g. in case of insufficient balance for a payment order). In the latter case it is necessary to define the sequence in which balances from other accounts are moved to the destination account.
Related Business Scenarios
Handle Request to Terminate Sweep AgreementCore Business Object
Key Features
- – Record and maintain the list of accounts participating in the sweeping agreement
- – Orchestrate the handling of a request for balance sweeping.