Accounts & Cash Pool

Learn more about the Accounts module in Corporate Netbank along with some instruction tutorials about Global Cash Pool.

Here is a video about how to create account sets in Corporate Netbank. The video is about 3 minutes and it is possible to view the video in enlarge format.

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Global Cash Pool

Global Cash Pool (GCP) is a balance netting cash concentration solution where you have real-time access and full control via the GCP web interface. In the interface you can set internal rules such as credits, cash flow limits and cover control structures. Here you will find more information and several instruction videos on how to use the service.

Introduction video

If you are a new user we recommend you to start by watching our introduction video that you find via this link under Online Training. It is in English and takes around 10 minutes.

We have a new functionality in the service, where you can make internal conditions for Deposit fee. If you are interested and want to know more you are welcome to read a step-by-step guide.

Add Internal Deposit Fee Conditions in Global Cash Pool

Here is a video about how to register a new internal credit. The video is about 8 minutes and it is possible to view the video in enlarge format.

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Here is a video about how to edit an internal credit. The video is about 3 minutes and it is possible to view the video in enlarge format.

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Here is a video about how to work with the global cash pool pages in Corporate Netbank. The video is about 6 minutes and it is possible to view the video in enlarge format.

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Are you using this guide in relation to the IBOR transition? See below the affected IBOR rates and their corresponding Adjusted ARR rate.

IBOR Rates ARR rate name with ISDA spread
LIBOR 1 week GBP  SONIA - GBP 1W ISDA Spr
LIBOR 1 week USD SOFR - USD 1W ISDA Spr
LIBOR 1 week CHF SARON - CHF 1W ISDA Spr
LIBOR 1 week JPY TONAR - JPY 1W ISDA Spr
LIBOR 1 month GBP  SONIA - GBP 1M ISDA Spr
LIBOR 1 month CHF  SARON - CHF 1M ISDA Spr
LIBOR 1 month JPY  TONAR - JPY 1M ISDA Spr
EONIA O/N ESTR with fixed Spr


Notice: For deposit interest there are Interest packages per baserate with negative as well as positive margins. They will be marked as below:
Base rate with negative margin: Baserate - XXX 1W ISDA SPR MAR
Base rate with positive margin: Baserate - XXX 1W ISDA SPR POS

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To be able to work with Global Cash Pool in Chrome or Edge, you need to have Java installed correctly. Please see this step by step guide for details.

 

FAQ Account information

You can find the accounts interest rate in Corporate Netbank. On the start page, go to the module Accounts and click on the chosen account. Under tab Interest you will find more information. If you don't have access to the account via Corporate Netbank please contact your local Nordea team.
Please send the account number and the correct address to your local Nordea team. We will change this in our system.
We can send you a signed and stamped letter confirming that the account belongs to your company if you just send us an e-mail with the account number.
Please contact your local Nordea team and they will help you set up the SWIFT MT940 service.

As a data controller Nordea Bank Abp processes personal data to deliver the products and services that are agreed between the parties and for other purposes, such as to help you with your request or comply with laws and other regulations. For detailed information on Nordea Bank Abp’s processing of personal data, please review Nordea’s privacy policy, which is available on Nordea’s website or by contacting Nordea Bank Abp. The privacy policy contains information about the rights in connection with the processing of personal data, such as the access to information, rectification, data portability, etc.​

FAQ Account opening and closing

We need a closing letter signed according to company papers, If we have not received a verified passport copy earlier we will need this as well. In this letter we will need information about what account number to close down and where we should transfer the funds. We can start the closing procedures based on a signed pdf copy, but please forward the original by regular mail since this is need for our archiving
Your local Nordea team needs to know what currency you like to have and for which company this should be opened. Please also inform us if it should be a stand alone account or a Cash Pool account. Also, please inform us if you require any other services for this account - Corporate Netbank, Corporate Access, Account statement (MT940), Request for transfer (MT101)
Normally, we can open a new account in the next 1-2 business days if you already are a customer in Nordea. If your account is more urgent than this, please contact your local Nordea team.
We require the Board of Directors holding the signature right to sign for both the owner company and the connected party.
Nordea can remove the entire connected party for you if you send us an e-mail with agreement name and name of the connected party to be removed.
We will need a connected party agreement signed according to company papers. Please send your request to your local Nordea team.