Cash Pool Account is designed for a group of companies with subsidiaries, for obtaining a good overview of the financial position of the group. Cash Pool Account enables to use efficiently the current assets of the entire group.
A convenient and flexible opportunity to manage the entire Group’s cash flow. Fast and convenient movement of available funds within the Group’s companies. The Baltic cash pool solution is designed for groups who have subsidiaries in other Baltic States.
Advantages of the Cash Pool Consolidation Account
In the Internet bank it is possible to:
Possibilities of the Cash Pool Consolidation Account
The Baltic Cash Pool Consolidation Account enables the Group to manage liquidity and finances in a group which has subsidiaries in Estonia but also in Latvia and Lithuania.
The Baltic Cash Pool Consolidation Account allows the parent company to easily and conveniently manage and use the liquidity of the entire Baltic Group. One multi-currency overdraft of the entire Baltic Group minimises interest expenses and reduces currency exchange expenses.
SEB centrally calculates either positive or negative interest on the currency accounts of the Group. The parent company can change and specify the internal limits as well as interest rates applicable to the subsidiaries in real time.
Conditions for opening the Cash Pool Consolidation Account
Please note! As using this product entails mutual loan relations between the members of the Cash Pool Consolidation Account, it should be observed that all of the requirements of the legislation of the country of location (the necessary decisions of bodies of the company, compliance with loan limits arising from legislation, fulfilment of taxation laws etc.) are followed when using the product.
1. Opening of cash pool account | EUR 200 |
2. Sub-account maintenance fee | EUR 15 |
3. Annual maintenance fee of the group | EUR 320 |
4. Amendment of cash pool account contract | EUR 20 |
5. Internal interest transfers, monthly fee | EUR 6 |
6. Administration of cash pool account via internet bank, monthly fee | EUR 16 |
7. Cross-usage of currencies in the group, monthly fee | EUR 65 + interest |
8. Intra-day cross-usage of currencies, monthly fee | EUR 20 |
9. Cash Concentration | |
account registration | EUR 70 |
monthly fees for services | |
- frequency of payment: daily | EUR 70 |
- frequency of payment: weekly | EUR 40 |
- frequency of payment: monthly | EUR 20 |
fee for one payment | according to the price list of payments |
contract amendment fee | EUR 70 |
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