Cash Management Multibank Cash Concentration
Multibank Cash Concentration
Through multibank cash concentration, you benefit from automated liquidity balancing among your Credit Suisse account and your domestic and foreign accounts with other banks.
Multibank cash concentration is Credit Suisse's solution for the automatic balancing of liquidity among your Credit Suisse account and your other accounts in Switzerland and around the world.
How It Works
Through multibank cash concentration, automatic liquidity balancing takes place among the accounts that you hold with other financial institutions in Switzerland and abroad (third-party accounts) and your master account with Credit Suisse. You can agree your own frequency and limits with Credit Suisse. You also have the option of entrusting Credit Suisse with the crediting or debiting of intercompany interest.
Who Could Benefit from Multibank Cash Concentration?
Medium-sized and large businesses that:
- have international operations
- want to simplify and optimize their liquidity management
- have third-party accounts at a variety of other financial institutions
- want to outsource their cross-border cash management