Navigate Regulatory Hurdles

A key feature of Misys Global Cash Pooling is the high level of flexibility it offers, enabling banks to cost effectively navigate the numerous regulatory restrictions that govern cross-border pooling.

For sweeping, the system automates the creation and administration of inter-company loans created by the transfer of cash between accounts. It includes the justification of the transfer prices used and calculation of withholding tax for the appropriate jurisdictions.

For notional pooling, the solution attributes the interest or margin benefit to chosen accounts as necessary, rather than simply to the central treasury. Flexible fee and charging options cater for VAT in multiple jurisdictions and interest distribution can recoup capital adequacy costs, monetary reserve costs and funding costs.

In addition, a full range of enquiries, auditing and reporting options are available for management information and compliance.