Overview
Cash Management is the stewardship of an entity or individuals’ cash resources. Basically it involves the proper management and use of these resources to maximise on efficiency and cost savings. For our corporate clients, Private Client Holdings are also able to offer a monetary return by effectively managing available cash. Our expert team use cash as an asset to generate additional income.
In partnership with Investec Private Bank, Private Client Holdings offer a highly efficient and secure banking administration facility that, using tried and tested cutting-edge technology, enables us to efficiently manage our clients’ money online.
Our Philosophy
At Private Client Holdings we follow a client-centered approach to cash management. We tailor-make comprehensive cash management solutions for our clients by means of effective cash management products and advanced electronic instruments in close combination with the clients’ internal management systems.
Our service offering includes opening, managing and transacting on clients’ accounts. We deliver a truly world-class level of private banking that, in terms of speed, security and competitive interest rates, is unprecedented.
Cash Management Process
Our personalised cash management service, with its corresponding 24 hour support structure allows Private Client Holdings to open client accounts (which create the electronic account number); make electronic payments against the accounts (which require two signatories) and extract individual statements for clients.
- Client benefits include:
- Highly attractive money market rates
- No transactional charges other than those related to cash deposits (or other unusual transactions)
- Call accounts, notice deposits and many other dynamic products such as the Private Money Fund
- Capital market services. We facilitate foreign currency transfers at competitive rates.
Our cash management service complements our comprehensive range of financial services and is another way by which we build trust and lasting relationships with our clients.
Call Deposits
A call deposit account is an investment account which allows investors immediate access to the funds in their account whilst offering good interest. Withdrawals and deposits can be made at any time, with no minimum deposit and a premium prime-linked call rate.
Money Market
Investec Corporate Cash Manager (CCM) Money Fund
The Investec Corporate Cash Manager (CCM) Money Fund is an innovative opportunity to have the best of both
worlds. This unique deposit account allows you the absolute flexibility of a call account and a variable interest rate linked to the best yielding money market fund on any given day.
Your call account will attract the interest rate achieved by the best performing money market fund on that day and the rates, which are linked to your CCM Money Fund, change daily, which means that you get the best possible rate, everyday. There is also no withdrawal notice period giving you immediate access to your money.
- The entry level for the CCM Money Fund is R250 000 and it combines the following benefits:
- Personalised service.
- The best money market published rate without the inconvenience or cost of switching between funds.
- Liquidity – you have 100% access on cleared funds.
- Detailed interest and rate information on statements.
- Compounding or monthly interest.
Fixed Deposits
Fixed deposits – also known as term deposits are those that are held at a financial institution over a fixed term – anywhere from 3 days to 365 days – but generally short term. These are generally short-term with maturities ranging anywhere from a month to a few years that offer competitive rates and the ability to negotiate with the treasury when it comes to large deposits.
Notice Deposits
Notice Deposits are suited to those who do not require immediate access to their funds and therefore earn a higher rate than that of Call Accounts. Notice Deposits combine competitive interest rates with predictable returns and you can customise a notice deposit according to your unique investment needs.
- Investec CCM Notice Deposit
- Select the notice period required, choosing from 15, 32, 45, 60, 75 or 90 days
- Select the desired level of access (liquidity), choosing from 10%, 20%, 30%, 40% or 50%
- Minimum deposit amount of R50 000
- Interest rate is determined by the combination of the notice period and level of access (liquidity) selected
- Investec 32-day CCM Money Fund Notice Deposit
- The average of the top four ranked money market funds*
- Minimum deposit amount of R250 000
- Maximum deposit amount of R25 million
- 30% Immediate access
- Investec 60-day CCM Money Fund Notice Deposit
- The average of the top four ranked money market funds*
- Minimum deposit amount of R100 000
- Maximum deposit amount of R25 million
- 50% Immediate access
Current Rates
13 January 2012
Functions
Private Client Holdings has partnered with Investec Private Bank to provide our clients with a competitive and efficient money management system that enable us to manage your funds with ease. Investec Corporate Cash Manager (CCM) is an internet-based system that uses Investec’s innovative online facility that provides us with a secure environment in which to invest and transact on behalf of our clients.
- Corporate Cash Management functions
The corporate cash account is more than an investment account as it facilitates many transactions and services, namely:
1) Foreign Exchange Transactions
Through the CCM account Private Client Holdings can facilitate the purchase and sale of foreign exchange and our clients benefit from the corporate rate structure.
2) The Receiver of Revenue Payments
Payments to the receiver of revenue can be scheduled or a debit order push or pull from the SARS e-filing system can be utilized.
3) Trust Accounts
For those who no longer have the energy or ability to keep control or pay their monthly bills, Private Client Holdings can manage all this through the system, giving our clients peace of mind. Private Client Holdings can also set up scheduled payments for those regular payments or allowances.
4) Guarantee by Bank
Often deposits need to be made for rent or property transactions and the attorneys or rental agents provide a modest interest rate on their trust funds. Through Private Client Holdings, clients can now benefit from a better rate and have Investec issue a Guarantee by Bank to the attorneys or rental agents.
5) Payroll Functionality
Private Client Financial Services offer payroll services and clients have the option to place funds into the CCM account and have the salary payments and SARS PAYE payments executed on their behalf.