With Misys Global Cash Pooling, banks have full flexibility to deliver tailored cash pooling products and decide how to charge for them.

The solution enables banks to quickly set up profiles and define standard products for particular types of corporation. Even the most complex requirements can be met, including simultaneous use of both sweeping and pooling. Some of the sweeping and notional pooling features are listed below:

Sweeping

• Sweeping can be set to occur on request or at scheduled dates and times, including intraday
• Sweeps can use cleared balance, ledger balance or minimum of both
• Flexible target and trigger balances and value dated sweeping (including back valuation)
• Exchange rates can be fixed to allow multi-currency sweeping
• Administration of inter-company loans is highly automated and set up to use appropriate market rates

Notional pooling

• Netting based on margin rather than interest allows cross-currency and cross-country bonuses where restrictions apply
• Automatically calculates and apportions interest or margin bonus, and banks' pooling costs
• The system offers four interest calculation methods and five different ways of apportioning interest bonus
• Interest distribution can recoup capital adequacy costs, monetary reserve costs and funding costs
• Full reporting so corporations can see how interest has arisen

The system has a comprehensive range of fee and charging options which also cater for VAT in multiple jurisdictions. Fees can also be different for in-house and third party accounts.