Target Balancing

Key features

For each sub-account, you can specify:

• The frequency of Target Balancing transactions: daily, weekly, fortnightly
• The way in which Target Balancing is carried out currency by currency, e.g. one Target Balancing pool in USD, another in GBP, EUR, etc.
• The threshold: a positive or negative minimum amount below which no transfers are carried out

Key benefits

• Improved financial results: Target Balancing allows the margin between debit interest and credit interest to be cancelled out on cleared balances
• Reduced costs: the cost of pooling the balances of all the sub-accounts is generally lower than the total costs of all the separate, single transfers
• Reduced debt levels as a result of offsetting debit balances
• Simplified management
• Clearer net balance
• Time savings through automation of numerous individual transfers
• Online reporting, giving details of all individual Target Balancing transfers