|
Support for corporate treasury systems with the automated Client-Sberbank system
The Client-Sberbank system makes the following Corporate Treasury services available:
- Provision of on-line information on cash flows on the accounts of branches and subsidiaries
- Control over debit operations of branches and subsidiaries
- Establishment and automatic control over the administration of budgets of branches and subsidiaries
- Consolidation of funds in a single account
- Automatic replenishment of branch and subsidiary accounts with insufficient funds in order to perform debit operations
How to Use the Service
- The client fills in this form and sends it to Sberbank by email to c-treasury@sbrf.ru.
- The Bank negotiates rates with the client and sends the agreement to the client for signature.
- After signing the agreement, the bank begins the installation of a workplace at the head office of the client and gives an instruction for concluding additional agreements in the regions.
- Regional units of the bank and branches (subsidiaries) of the client sign the appropriate additional agreements. The system workplace is installed at the head office of the client.
- The client signs the report of operational readiness of the parent company and receives access to information on the accounts of branches (subsidiaries), the ability to revoke payment orders, and also begins to monitor branches (subsidiaries) using the budgeting system.
Providing Information on Cash Flow
State-of-the-art telecommunications systems between bank branches allow Sberbank to organize a system effectively for the transfer of electronic bank statements on regional accounts of companies, branches and subsidiaries (affiliates) opened at the bank’s branches. The information includes cash balances at the beginning and end of the transaction day, account traffic, names and details of reporters, and the purpose of payment. Control of Debit Operations
With Client-Sberbank, you can control the operations conducted by branches or subsidiaries (affiliates) during the course of the business day by revocation of certain or all debit transactions before their execution by the Bank. The payment document of a branch or subsidiary (affiliate), subject to control by the parent company of the client, cannot be implemented without the acceptance of the parent company. Establishment and Monitoring of Budgets
A client can set an estimate of payments (i.e. limit and target of money spending) on an account of any of its branches or subsidiaries. The branch or subsidiary (affiliate) executes debit operations only on expenses set by the parent company. The accounting period for an estimate of payments is discretionary (month, quarter, year). The system facilitates the monitoring of debit transactions of branches or subsidiaries in automatic mode. Consolidation of Funds
Ways to consolidate:
- Transfer all funds of branches to the parent company at the end of the day’s transactions
- Transfer of the branch account balance according to a specified condition (all funds over a certain balance, consolidation on specified days of the month, etc.)
- Using the system of income-expenditure accounts, the branch establishes two accounts, provisionally named income and expenditure
Funds from contracting parties flow into the income account and are consolidated on a regular basis by the bank in a single account of the parent company. Funds from the parent company flow into the expenditure account to finance the branches’ current expenditures. The right of access to this account is determined by the parent company and can be combined at the discretion of the client. Automatic Replenishment of Accounts with Insufficient Funds
All payments of the branch exceeding the account balance are deferred. By a time agreed upon with the client, the bank automatically generates a payment to replenish the branch from the parent company account. After receiving the funds in the branch account, all of the deferred debit transactions are performed automatically by the bank in the same banking day. Established overdraft limits are used to make payments when there is a shortage of funds. | 
