Sweeping

Sweeping enables your company to concentrate liquidity into one account (prime account). Funds are transferred to the prime account with agreed frequency. Frequency options are:

• daily
• weekly
• monthly

Sweeping options are Zero-balancing and Target-balancing.

Under Zero-balancing the whole account balance is transferred to the prime account. Under Target-balancing the agreed amount (target balance) is left to the account, and the rest is transferred to the prime account. In case of both aforesaid options you can establish a minimum threshold for the amount to be transferred.

Under Sweeping service both SEPA and international transfers can be made.