Interest on Idle Balances:
The service provider pays credit interest, at a rate linked to a relevant market rate, on idle cash balances.

Competitive Rate Reporting:
The service provider reports on the interest rate given and a comparative rate such as the general overnight rate.

Cash Forecasting Tools:
Cash projection to aid in avoiding overdrafts and in putting balances to good use.

Cash Sweep Service:
Automatic investment of uncommitted balances in overnight deposit instruments to attract higher yields.

Cash Equitisation:
Investment of idle cash balances in equity-based instruments, such as index futures or exchange-traded funds, according to mandated instructions. Equity risk is taken against idle cash balances, with the prospect of generating additional gains from long-term growth in equity markets.

Off-balance-sheet Cash Products:
Short term investment funds (STIFs) which allow clients to move large cash balances off the service provider's balance sheet while retaining immediate access to funds and gaining a competitive interest rate.

Cash Pooling/Netting:
Netting of debit and credit balances, with interest applied to the net balance. Pooling of small balances across multiple accounts, which can step a client above a balance requirement, or up a tier, to obtain a higher rate of interest.

Direct Access to Domestic Currency Clearing:
A service provider with direct access to the currency clearing system can achieve greater efficiency in the cash payment process by avoiding intermediaries

Multi-currency Accounts:
Provision of cash accounts in more than one currency.

Competitive Rate Reporting:
The service provider reports on the exchange rate given for each currency and a comparative rate such as the wholesale rate (whether a spot rate for an individual transaction or a suitable weighted average rate for the period under consideration).

Overdraft Facilities:
Credit facilities are offered to ensure that trade settlement and cash transactions do not fail because of insufficient funds on the client's cash account. Credit lines are made available by the service provider at its discretion.

Overdraft Reporting:
Prompt reporting when an overdraft arises (or exceeds a limit specified by the client) to allow the client to see who is causing the unplanned overdraft.

Other Cash Financing:
Clients can obtain secured and unsecured loans, overnight loans, day loans, intraday credit, revolving credit, committed facilities, letters of credit, deposits, etc.

Collateral Management:
Collateral comprises assets given as a guarantee by a borrower to secure a loan or other credit, and subject to seizure in the event of default. Collateral Management refers to the handling of all tasks related to the monitoring of collateral posted by a borrower (collateral reporting, processing of margin calls and returns, monitoring of collateral substitution, notification of corporate events, processing of securities transfers on behalf of the client, etc.)

FX Execution:
Foreign exchange execution services - for both spot and forward transactions - in all currencies.

Automated FX:
Carrying out currency conversion of cash transactions according to mandated instructions.

Online Rates:
Clients are provided with a direct link to the service provider's systems to view rates.

Online Instructions:
Clients are provided with a direct link to the service provider's systems to perform transactions.

CLS Support:
The service provider offers full support for settlement of all foreign exchange trades eligible for Continuous Linked Settlement ("CLS") through CLS Bank. CLS delivers many benefits: elimination of the client's counterparty ("Herstatt") risk (noted below); simplification of the settlement process; reduction in the amount of static data required; reduction in messaging traffic and costs; and predicatibility of settlement resulting in the elimination or near-eliminiation of post-settlement issues such as interest claims for late settlement. Foreign exchange trades are essentially over the counter ("OTC") trades, giving rise to counterparty exposure for the investor. If a counterparty was to become insolvent between trade date and the actual settlement of a deal, the investor is exposed to the full extent of the value of the transaction. Traditional means of reducing the risk are netting arrangements, minimum counterparty credit ratings and concentration limits. More secure protection from this risk is provided by CLS Bank.

Building functionality for CLS Support:
The service provider does not yet support Continuous Linked Settlement but is currently building functionality for this.

Contractual Settlement:
A client's account is credited on the due date for settlement of foreign exchange trades in place of the actual settlement date, thus protecting the client from the typically high cost of overdrawing foreign currency accounts.

FX Advisory:
Foreign exchange advisory services to assist clients in determining the efficacy of holding material foreign currency balances. The scope of the service covers frequent comment plus market studies and in-depth analysis.