Virtual account
From ACT Wiki
1. Banking.
A virtual bank account.
2.
Similar arrangements from non-bank providers.
Cash pooling evolves
- "The world of cash management and payments is evolving in response to changes in bank business models as a result of regulation (ie the move away from notional pools) ...
- Treasurers might want to consider solutions such as virtual accounts for cash pooling."
- Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.
See also
- Account
- Cash pool
- Concentration account
- Legal implications of cash pooling structures
- Notional pooling
- Regulation
- Virtual bank
- Virtual bank account
