Nedbank offers a comprehensive cash management solution. The fundamental purpose of the Cash Management is to reduce Interest charged and to maximize interest earned. Once you as a client have been placed on Cash Management, you stop paying/receiving branch interest and only pay/receive Cash Management interest. Designed to meet the needs of medium to large business with numerous local and/or international bank accounts, Nedbank Cash Management delivers a range of innovative features and benefits to help you optimise your company's cash position.
The reporting structure of the Cash Management system assists you to identify cash surpluses and deficits for the various divisions, regions, branches or subsidiaries within the interest being paid or earned by each profit centre.
Category A – Single Legal Entity
- Preferential credit & debit interest rates; and
- Access to optimize on interest rates without having to arrange multiple transfers
Category B – Single and Multiple Legal Entities
Category C – Multiple Legal Entities
Provides the full set-off of balances for interest calculation purposes, but applies only to multiple legal entities, which means that all the accounts within the structure are set-off to arrive at a net position for the group on which actual interest is calculated and paid/charges. The system will check the balances of all the accounts in the group, set them off and calculate debit/credit interest on the notional balance. There is no physical movement of funds on notional pull of the balances.
|N$3 CR||N$5 DR||N$2 DR||N$10 CR|
|N$2 DR||N$3 CR||N$2 CR||N$3 DR|
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