Accounts and liquidity control systems

Setting up a multi-currency account system requires all accounts included in the solution to have the same legal owner.

The company must be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. Any foreign participants must satisfy legislation in their home country.

Your customer adviser will help you open a group account system.

Setting up a multi-currency group account system requires the company to be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. Any foreign participants must satisfy the legislation in their home country

Cash Pool is ideal for companies and groups with advanced needs and business activities across national borders. The solution is managed in the corporate internet bank.

You get better control and a better overview:

• better control of the group’s currency exposure 
• fewer currency exchanges 
• Better monitoring and control of subsidiaries 
• Simplified group reporting of subsidiaries 
• total liquidity overview

You get cost savings:

• lower credit limit
• reduced commission and interest costs.

Real time reporting:

Our advanced reporting tool updates all accounts in DNB globally in real time. Accounts in other banks are on a daily basis in ICP. This gives you a good overview and access to reports from the corporate internet bank on an ongoing basis.

Setting up a group account system requires the company to be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. 

Any foreign participants must satisfy legislation in their home country.

Multibank is an ideal tool for companies who have an account in DNB in addition to other banks, and who want to bring together/cover capital automatically.

• gathering of capital
• secure good liquidity control
• automation of manual procedures.

The functions in brief

• multibank is based on account information (MT940 or MT941) from other banks
• MT940/MT941 notifications will trigger capital being moved to/from DNB and other banks
• sweeping rules are set up using target max balance, target min balance and minimum amount
• text message notification to mobile.

With the Liquidity module you get a complete overview of cash flow in your business – regardless of whether the accounts are in Norwegian or foreign banks. An ideal tool for companies with a group account, or which have accounts across national borders.

Predefined reports:

• Statements
• Balance reports
• Posting reports
• Currency forward transactions
• Forecasts
• International Cash Pool (ICP)

• updated status on the balance of your accounts in DNB globally
• total liquidity overview regardless of currency type, account groups and companies
• you can extract customised reports
• Reduced costs
• balances from other banks at the end of day.

Liquidity forecast is a tool that gives you a balance summary for a selected period. You choose which time period and which accounts should be shown in the summary.

You can also see future transactions in an account and make additional adjustments by adding your own forecast entries.

Suitable for:

• companies with reporting requirements and liquidity summaries
• customers who use Excel as a liquidity and forecasting tool
• businesses that require reporting between the parent company and subsidiaries.

• The solution can be used immediately and is completely free of charge.
• The liquidity forecast includes 17 months’ history and an unlimited future time period.
• The summary can be exported to Excel instead of having to prepare reports yourself. This helps avoid any errors in formulas or calculations and always has up-to-date data.
• The summary gives a good due date overview going forward.
• Subsidiaries can enter forecasts for their accounts so the parent company can see these brought together and updated in the corporate online bank.