4 Multi Bank Cash Concentration

This topic describes the information about the Multi Bank Cash Concentration feature.

Multi Bank Cash Concentration (MBCC) are automated cash management systems for corporations with atleast one third party bank account.

It is an automated tool for centralizing balances maintained at third-party banks of the corporate (In this process, the liquidity is either transferred to the various TPB accounts or Liquidity is pulled out of various TPB accounts).

It caters to the corporate need to maintain important third-party local bank relationships for rendering truly localized services while optimizing the potential yield from liquidity consolidated with a global concentration bank.

This topic contains the following subtopics:

• Benefits of MBCC
  This topic describes the information about the various benefits of MBCC.
• Features in MBCC
  This topic describes the information about the various features in MBCC.
• Sweep Mechanism
  This topic describes the information about the sweep mechanism.
• MBCC System Setup
  This topic describes the information about the MBCC System Setup.