Cash Management

Disbursement Account

What is Disbursement Account. A disbursement account in banking and finance is a specialized bank account designed primarily for distributing or paying out funds.

Sweep Accounts (SAs)

What is Sweep Accounts Sweep accounts are a financial tool designed to automatically transfer excess cash from a primary checking or brokerage account into an interest-bearing account or short-term investment vehicle.

Collection On Behalf Of COBO

What is Collection On Behalf Of (COBO). Collection on behalf of (COBO) is a treasury management strategy where a centralized entity within a corporate group collects payments from customers on behalf of its multiple subsidiaries or divisions.

Collection Account

What is Collection Account. A collection account is a specialized banking tool used to centralize and manage payments owed to a business or organization. It is primarily designed to streamline the receipt of customer payments, loan repayments, subscription fees, or other receivables.

Cash Management

What is Cash Management. Cash management refers to the systematic process of collecting, handling, monitoring and using funds to ensure that an organization or individual can meet financial obligations efficiently.