Cash Management

Domestic Effective Pooling – physical movement of companies’ balances between accounts held in UniCredit Bank Lithuania Branch or it’s subsidiaries. Transfers take place at the end of day.

Notional cash pooling is based on the fictive consolidation of account balances - there are no real movements of funds between the accounts. Credit and debit balances on the accounts concerned are notionally brought together and offset to establish a net position for the calculation of interest.

Excess balance automatic (sweeping) transfers are a special type of standing order. It is convenient for companies who have to effect at a certain time balance transfer to particular beneficiary and who are willing to facilitate the daily  management of their finances

Cross Border Zero Balancing – physical movement of companies’ balances between accounts held in UniCredit Group. Transfers take place at the end of day.