Cash Pool Agreement Deutsch

Cash pooling (or cash pooling) is a centralized cash management strategy to balance the accounts of a group`s subsidiaries. The ultimate goal is to optimize the state and management of cash by overcoming the imperfections of the financial markets at a lower financial cost. Cash pooling can be distinguished between fictitious cash pooling and other types of cash pooling. Fictitious cash pooling leads to a result similar to that of standard cash pooling, i.e. an automatic centralization of liquidity, in fusion with interest rate statements. Centralized cash management is carried out by debiting the bank accounts of the subsidiaries to the central account of the holding company. The company`s CFO can thus have a 360-degree look at cash and liquidity in the group and know precisely the cash status of its subsidiaries. When companies in a group invest in a cash pool, they collect their bank accounts and have them managed through a master account. Liquidity is thus pooled, allowing the companies concerned to make significant use of capital raising and capital investments.

Cash pooling is possible both at the national level with subsidiaries within a country and across borders. It is important that assets deposited in the treasury pool by participants in the treasury pool are not reported as AnaCredit instruments by the bank[2], as these assets cannot be considered as instruments that create credit risk for deposit-taking companies, financial companies other than deposits or asset management vehicles, while the bank acts as a service provider. In particular, intra-group loans between non-financial undertakings linked to a cash pooling system are not considered as such, i.e. the undertakings participating in the cash pool are not financial companies which grant large loans (see fiduciary deposits on behalf of non-financial companies or natural persons). In other words, AnaCredit`s goal is not to collect deposits from non-financial corporations (NFPs) from credit institutions or intra-NFC loans. General rules for the declaration of cash pools to AnaCredit During the actual or physical cash pooling, the balance of each participating company is transferred to a “main account”. This account is usually managed by a holding company. If a company needs cash in the cash pool, it can receive it from the main account.

The balance on the main account is usually covered by credits. In the event of a claim against the cash pool, the holding company is liable. The term “cash pooling” refers to an intra-group clearing of liquidity by central financial management, most often assumed by the superior company of the group, which deprives the companies of the group of excess liquidity or compensates for cash underhings with loans. It`s an element of cash management….