According to Citi, TreasuryVision Liquidity Manager's analytic dashboard enables many views of cash positioning and risk reporting with summarized and detailed views of end-of-day aggregate balances and analytic trending, grouped by header accounts in their Citi liquidity structure, including multi-currency notional pooling and global cash concentration accounts
Two key components of effective centralized liquidity management--vesting control over concentration accounts
in the treasury function and establishing protocols for ensuring reliable forecasting from offshore units--are policy matters that will generally require the support of senior management.
As Table 4 illustrates, these smaller units used various methods to decrease float and increase sustainable cash flows through the use of ACH, credit card acceptance, direct payroll and deposit, and the use of concentration accounts.
With the use of the ZBA and the concentration accounts, notwithstanding participation in other banking services, rate of return can increase substantially (Table 5).
PB sroutinely use code names for accounts, concentration accounts
co-mingle bank funds with client funds, which cut off paper trails for billions of dollars of wire transfers) that disguise the movement of client funds, and offshore privateinvestment corporations (PICs) located in countries with strict secrecy laws (Cayman Islands, Bahamas, etc.
Private banks, correspondent banks, off-shore banks, internet banking and gaming, international business companies, international trusts, wire transfers, concentration accounts
, automated teller machines, pass-through accounts, mortgages, and brokerage accounts provide a rich source of tools by which criminals and their agents can launder money.
The use of omnibus or concentration accounts
by private banking customers that seek confidentiality for their transactions poses an increased vulnerability to banking organizations that the transactions could be the movement of illicit proceeds.
Lockboxes are sometimes available for check payments, as are concentration accounts
for incoming wire payments with detailed and balanced management reporting services.
The program, which consists of 152 borrowers, is moderately diverse although single largest borrower concentration accounts
for 10% of the portfolio;
The program, which consists of 151 borrowers, is diverse although the single largest borrower concentration accounts
This division, he says, is responsible for literally getting the cash into concentration accounts
for investing purposes--whether it's a dollar or foreign-sourced currency translated into a dollar.
These features include, among others, debt service coverage triggers, an offshore collection and debt service payment mechanism, provisions for an early amortization of debt service if certain adverse events occur, and signed agreements between Unibanco and several correspondent banks obligating these banks to deposit relevant collections directly into the transaction concentration accounts