Sweeping Service
Product Overview
If your company has multiple accounts across other banks in Korea, you can benefit from our tailor made cash concentration solutions from which you can leverage surplus positions by offsetting deficits and optimizing returns.
Benefits
- Effective cash collection tool with improved control
- Maximize interest income while minimizing borrowing cost
- Processes simplified to lower administrative costs
- Reduced working capital needs
- Better management of liquidity and risk
Product Features
- Sweeping Service : Physical sweeping or movement of account surpluses to a central parent account.
- Flexible sweeping amount and frequency
- Automatic sweeps
- Daily reports
Cross Bank Cash Concentration Service (PDF, 336KB)
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 for more details.
Customer Centre
DC Advice - 2004-0333
Trade Service Working Hours:
Mon-Fri 9:30 - 16:30
(Except Public Holiday)