Sweeping and pooling

Sweeping

Link two or more accounts of the same currency and set balance threshold requirements for them. Through automated end-of-day transactions, accounts will be funded or de-funded (from, or to, the associated account in the structure) according to the target balance stipulated. 

Pooling

Notionally offset multiple, same-currency, account balances in order to generate interest fees savings which would otherwise be applied to overdrawn positions. Interest is applied on the net balance of the group of accounts, without any actual movement of funds between them. 

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Regional Head of Scotland, Corporate and Institutional Coverage.

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Regional Head of Scotland, Corporate and Institutional Coverage.

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Regional Head of Scotland, Corporate and Institutional Coverage.

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Regional Head of Scotland, Corporate and Institutional Coverage.

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Regional Head of Scotland, Corporate and Institutional Coverage.

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