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The world's local bank
The world's local bank
Pooling helps your organization minimize interest expenses while maximizing interest income and it is based on the principle of notional offsetting of multiple balances for the purpose of calculating interest on a net balance. There is no actual movement of funds.
Key Benefits and Features
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Minimize your interest charges by identifying excess cash for offset against overdrafts without moving any funds. Cash balances held in accounts within the Pool are notionally netted against debit balance(s)
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Maximize interest earned when the net balance is in a surplus position. A combined cash balance is used to calculate interest – attracting higher rates on a tiered basis
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Pooling is available in CAD and USD, though no cross-currency pooling is available at this time
