Cash pooling solutions
How can cash management be optimised and simplified within your group in Luxembourg and internationally?
BIL offers you BIL Cash Pooling, an efficient global cash centralisation solution.
The principles are simple:
- All the contracting companies' cash positions are consolidated in one single account.
- The debit positions of certain subsidiaries are offset against the other's credit positions.
- Account pooling (repatriation or clearing) is carried out daily.
This solution offers several benefits:
- Optimised cash management compared with using lines of credit. Financial fees decrease automatically.
- Improved cash management of participating companies through centralising operations.
- Make this system last in the long-term by adapting it to changes in your organisation (additions and withdrawals from the scope of centralised cash management).
- Enable more reliable administrative tracking of cash flows within the group as a whole.
Your Relationship Manager will introduce you to this offering and customise it according to your requirements.