Cash Management

Solusius can assist treasury departments in negotiating cash management mandates and all related agreements. Solusius has experience in negotiating over 20 regional cash management mandates and numerous related contracts, such as bank account opening documents, general banking conditions, pooling and sweeping agreements, credit card agreements, direct debiting contacts, Score Agreements and overdraft facilities. Solusius can also assist in documenting the intercompany repayment obligations resulting from cash concentration services offered by banks. If these repayment obligations occur often and multiple entities are involved, Solusius can assist by drafting In-house Bank documentation.

Solusius can help to draft a power of attorney by group companies to authorise the holding company to act on their behalf on various cash management matters. Such power of attorney could include the authority to centrally open and closed bank accounts and overdraft/guarantee facilities and to appoint persons authorized to use these. Solusius has experience in drafting and implementing such power of attorney that is acceptable to all international cash management banks in all jurisdictions.