Treasury & Global Banking
The primary difference between running a pure pooled cash scheme, and this newer alternative, is the retention of individual designated (real) bank accounts for each client. All receipts and payment flow thru these designated accounts into and out of the pool. It is also possible to retain some funds on these designated accounts in order to maintain liquidity on an individual client basis, should they, for example, have a large number of lower value transactions.
TaskForce Wealth Management System uses the concept of Global Accounts to manage the allocation of clients’ monies in the pool and also the allocation of interest.
The following Diagram shows an overview of the flow in transactions :