UOB Cash Sweep

    • uob-cash-sweepuob-cash-sweep

      Automated centralisation of cash flow for group funds optimisation.

    Overview

    UOB Cash Sweep service is an automated funds transfer solution that centralises your cash positions for better control and visibility of your group cash balances.

    Benefits

    Centralised Treasury Control

    Centralised Treasury Control

    Consolidated view of liquidity freeing up resources for other key liquidity activities

    Optimise Group Funds

    Optimise Group Funds

    Gathers all balances in a corporate group to a single account for enhanced investment opportunities and optimal capital allocation, thus reducing borrowing costs

    Automated Sweep

    Automated Sweep

    Eliminates the need for manual monitoring of balances and funds transfer

    How It Works

     

    • Balances across your accounts are physically transferred into and out of a central "Primary" account on an automated basis at pre-defined timing;
    • Surplus funds are moved to the Primary account and deficit positions funded from the Primary account.
    • Comprehensive reports are available to summarise sweep transactions as well as facilitate inter-company loan tracking and inter-company interest settlement.

     

    Apply Now

    Call Us

    Call us at 1800 226 6121

    (Mondays to Fridays, 9.00am to 6.30pm, excluding public holidays)

    Email Us

    Email us at TransactionBanking@UOBgroup.com