Danske Bank offers you full visibility and control of liquidity across companies, borders and currencies with only one multicurrency account.
- Only one account
- Full visibility and control
- Across companies, borders and currencies
- Optimising short-term credit facilities
- Real-time updating
- Flexible and efficient solution
Multicurrency Cash Pool
With the Multicurrency Cash Pool structure, you simply add a multicurrency account on top of your current account structure tailored to your needs.
You optimise liquidity management across the group, while still allowing subsidiaries full access to their accounts for the handling of their day-to-day business.
You can also use this solution as an overlay bank structure by adding accounts held with other banks to the Multicurrency Cash Pool with Danske Bank.
Visibility
The Multicurrency Cash Pool provides you with an online real-time updated view of the overall liquidity position of your group on only one screen in our web-based Business-system. We can also provide flexible reporting to update your TMS or ERP system.
Control
With liquidity automatically pooled into a single account, you gain full control over liquidity flows in each of the currencies used.
Efficiency
Our flexible liquidity solutions enable us to tailor the account structure to meet your requirements for efficient and smooth handling of day-to-day business.
Optimising short-term credit facilities
By pooling liquidity into the Multicurrency Cash Pool account, you can reduce your need for short-term credit facilities - you need only one facility on the multicurrency account to cover the net funding need of your entire group - and you will improve your balance sheet.
Subsidiaries
This solution helps you optimise liquidity management without influencing the day-to-day business of subsidiaries. They will have their own accounts and tailor-made reporting for the ERP system.
Multicurrency Interest Netting
Danske Bank also offers interest netting across national borders and currencies – a valuable supplement to the cash pool solutions. With our Multicurrency Interest Netting solution, you can optimise the interest positions on the credit and debit balances of all operating accounts with Danske Bank branches in Denmark, Sweden, Norway, Finland, Germany, Poland, the UK, and Ireland.
If you want to know more about our Multicurrency services in the various countries, please contact one of our Cash Managers by selecting a country to the right.