CIBC Centralized Cash Control (CCC)

Centralized Cash Control is an offsetting service that nets the balances in accounts on a daily basis for interest calculation and liability purposes.

Each day the Centralized Cash Control service transfers and consolidates operating account balances (whether debit or credit) to a central concentration account. This allows for optimized cash management by consolidating operating account positions daily to create a centrally managed pool, helping to maximize interest earned and reduce borrowing costs.

Take advantage of your overall cash position.

Credit balances are offset against debit balances to provide you with a single, net position.
You may be able to reduce borrowing requirements by offsetting the borrowing needs of one account against the positive cash position of others.

Improve corporate control

Each division's daily participation in the CCC structure can be monitored.

Save time and improve profitability

Receive timely corporate-wide balance information to assist you with cash flow forecasting.

Is it right for my business?

Consider CIBCs Centralized Cash Control service if you:

Want to take advantage of consolidating balances in a number of accounts.
Want to improve corporate control.
Want to save time and money.

Information you need to know

Feature	Description
Provides two standard reports	The Detail Report shows daily opening/closing balances, net position, and the number and dollar values of all debit and credit entries from the previous business day. The Summary Report shows daily opening/closing positions, overall net position, and changes for each division or subsidiary.
Allows both Canadian and US Dollar structures	Separate structures and reporting for each currency.
Provides optional Interest Allocation Reports (IAR)	Interest Allocation Reporting facilitates the allocation of interest back to operating account holders. You can determine the rate used, as it can be different than your rate negotiated with CIBC for interest or overdraft purposes.
Provides optional Automated Repositioning of Operating Account Balances	Automated Repositioning transfers funds from one pre-determined account to another to prevent surplus balances or deficits from growing in a given account. Transfers are automatic.
Reports are delivered electronically	Formatted reports can be delivered via CIBC Business Banking® service or raw data can be delivered via CIBC File Transfer Service.

Run your business your way

CIBC Cash Management Solutions can help you take better control of your banking needs - giving you more time to focus on what matters to your business. Get started today:

Talk to your CIBC representative
Call the CIBC Business Contact Centre at 1 888 947-7736

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The above is intended to be only a general description of this product and its features. Some conditions may apply. CIBC reserves the right to change or discontinue this product or any of its features at any time. This product and its features are subject to the terms and conditions of the applicable agreement governing its use.

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