Group account

A group account system offers better liquidity control

In a group, there’s often surplus liquidity in some of the companies, while other companies have a liquidity shortage. But building up a group account system, the group can ensure it uses internal surplus liquidity before drawing on external credit.

A group account earns interest and motivates the subsidiaries to use capital resources efficiently.

Advantages of a group account system:

• better monitoring and control of business units and subsidiaries
• better control of the group’s currency exposure
• better use of the group’s working capital
• reduced capital costs as a result of a reduced need for credit
• reduced interest costs/increased interest income as a result of balance sheet netting
• advanced and detailed reports are available in DNB Finsight.

Setting up a group account system

The company must be an independent legal entity or defined as a group under the Norwegian Private Limited Liability Companies Act. Any foreign participants must satisfy legislation in their home country.

Your customer adviser will help you open a group account system.