Accounts and liquidity control systems

A multi-currency account system is suitable for businesses that operate import and export activities and have an account in each currency type.

By compiling the individual currency accounts into one system, the business can use the total capital, regardless of currency type.

Setting up a multi-currency account system requires all accounts included in the solution to have the same legal owner.

In a group, there’s often surplus liquidity in some of the companies, while other companies have a liquidity shortage. But building up a group account system, the group can ensure it uses internal surplus liquidity before drawing on external credit. 

A group account earns interest and motivates the subsidiaries to use capital resources efficiently.

The company must be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. Any foreign participants must satisfy legislation in their home country.

Your customer adviser will help you open a group account system.

A multi-currency group account system is suitable for subsidiaries that operate import and export activities.

The solution allows you to use the participants’ liquidity across the group. It consists of several group account systems, separated by currency type, connected to one common allocation account.

Setting up a multi-currency group account system requires the company to be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. Any foreign participants must satisfy the legislation in their home country

With our international Cash Pool solution, you can bring together all of the company’s accounts in one place – irrespective of country, currency and which banks your various accounts are held in. No other Norwegian bank can offer anything like this!

What is ICP?

ICP connects group account systems in DNB Norway and abroad together in a common group account system to help you achieve maximum interest gains and use of capital. The individual current accounts are connected to local group account systems, where the net balance per currency appears in the group account.

The balance of the group account is converted to an agreed base currency and appears on the allocation account as the net available amount, including any credit.

Cash Pool is ideal for companies and groups with advanced needs and business activities across national borders. The solution is managed in the corporate internet bank.

You get better control and a better overview:

• better control of the group’s currency exposure 
• fewer currency exchanges 
• Better monitoring and control of subsidiaries 
• Simplified group reporting of subsidiaries 
• total liquidity overview

You get cost savings:

• lower credit limit
• reduced commission and interest costs.

Real time reporting:

Our advanced reporting tool updates all accounts in DNB globally in real time. Accounts in other banks are on a daily basis in ICP. This gives you a good overview and access to reports from the corporate internet bank on an ongoing basis.

Zero Balancing (ZBA) consists of current accounts for the individual subsidiary and a master account belonging to the parent company. The balances from the current accounts are moved individually per valuation day and per account.

With ZBA, the company will bring together the day’s total liquidity in the master account, where interest is earned on the net balance. 

The solution assumes that the company itself has an overview of the internal loans and investments that ZBA generates.

Setting up a group account system requires the company to be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. 

Any foreign participants must satisfy legislation in their home country.

Multibank is an ideal tool for companies who have an account in DNB in addition to other banks, and who want to bring together/cover capital automatically.

With the Liquidity Module, you get a complete overview of the liquidity flows in your business – regardless of whether the accounts are held in Norwegian or foreign banks. An ideal tool for companies with group accounts, or those with accounts across national borders.

Predefined reports:

• Account statement
• Balance report
• Transaction report
• Forward-dated transactions
• Forecast
• International Cash Pool (ICP)

Liquidity forecast is a tool that gives you a balance summary for a selected period. You choose which time period and which accounts should be shown in the summary.

You can also see future transactions in an account and make additional adjustments by adding your own forecast entries.

Suitable for:

• companies with reporting requirements and liquidity summaries
• customers who use Excel as a liquidity and forecasting tool
• businesses that require reporting between the parent company and subsidiaries.