Cash Management
Payments and Cash Management
London branch offers comprehensive payments and cash management solutions for its customers.
We offer:
- Current accounts
- Deposits
- Overdrafts and loans in all major currencies
- UK and international payment services.
UK payment services
Through our appointed partner bank in the UK, we are linked to the UK clearing systems. This means that we have our own unique sorting code and are able to provide our customers with the full range of domestic payment products e.g.:
- Cheque books
- Bank Giro Credits
- Standing Orders
- Direct Debits
- Cashing arrangements
- Company credit cards
- CHAPS
- BACS
We pay interest on current and collection account cleared balances at agreed rates.
International Payment services
Payments in all currencies can be effected by London branch.
Cash Management
The cash management team in the London branch is able to offer a range of services and provide tailor made solutions for our Nordic, Shipping & Oil Services customers. Our Cash Pool solutions include:
- Notional Pooling
- Zero Balancing
- Top and Sweep
- Balance Netting
Electronic Banking
In the UK, our electronic banking system is Netbank International, a web based payment and balance reporting system. Netbank provides detailed balance reporting, search and help functions and all UK payment functionality including BACS, CHAPS and International payments.
Payments and balance information from Netbank can be integrated to a customer's ERP system and payment instructions can be sent to the bank up to 90 days in advance of value date.
