Good afternoon, welcome to IBA. How can I be of service?
I'd like to talk to somebody about the Group Account Deposit Service.
This refers to the deposit business offered to the level 1 account of group companies.
What is it used for? I mean, why bother to get this special account?
Group companies can use this to make their arrangement of funds flexible, when dealing with their subsidiaries.
I see, so this can really cut down on time and centralise management. Interesting...