Special Cash Management Solutions

UkrSibbank seeks to introduce cutting-edge technologies on a regular basis to improve and facilitate cash management.

Your company can try the following services and Special Cash Management Solutions:

Cash Pooling/Zero-balancing

If your company has an extensive network of branches or is made up by stand-alone structures, you may want to try or service Automatic Funds Concentration from subaccounts of branches on the Master-account of your company (Cash pooling / Zero-balancing). UkrSibbank has a solid knowledge of financial management specifics in holdings and big companies; therefore we offer you an unrivaled opportunity to automatically manage cash flow on current accounts of your business group.

Automatic Funds Concentration will allow your company to:

  • fully control financial flows of your company’s branches/subsidiaries;
  • set any frequency for Cash Pooling on the Master-account to match specifics of your company;
  • use the service both within one legal entity and within the whole business group comprising different legal entities, subsidiaries;
  • add an unlimited number of accounts to the service list and create a multilevel system of sub-accounts;
  • individually choose any way to transfer the remaining positive balance on sub-accounts: to transfer 100% of the balance (Zero-balancing), 100% over the set limit for remaining positive balance, or a fixed sum (Cash pooling).

With Automatic Funds Concentration you will be entitled to the following benefits:

  • better management of incomes and expenses thanks to self-financing within the business group;
  • automatic transfer of funds from Master-account to a deposit account on your request;
  • easier financial monitoring and accounting of parent company;
  • individual approach to accruing interests on your Master-account balance.

The service is available only in UAH for legal entities-residents of Ukraine, as well as for non-residents. For a non-resident the service is to be activated for the concentration of funds only on one of the accounts, held by this non-resident.

For more details please approach UkrSibbank employees, who will kindly give you their professional advice on Cash Pooling for your company’s accounts and best cash management models.

Direct Debit

Direct Debit is applied to your current account in national or foreign currency. On your order, the Bank debits a sum required to cover your credit liabilities at a specified date.

Benefits of direct debit:

  • Timely automatic repayment of your loan will add to  your credit history, which may prove useful when you apply for a loan next time;
  • You don’t need to waste your time and monitor payments due as the total debt under your loan is automatically calculated and debited on a specified day;
  • For your convenience, we have several schemes to repay your loan: amount due can be debited either from several current accounts or you can opt to repay several loans from one current account;
  • Even if the balance on your account is not enough for repayment, the Bank can debit part of amount due within the remaining balance to prevent further growth of your debt.

For more details UkrSibbank employees will kindly provide you with detailed information on the automatic credit call-in service at your request.

Standing Order

Standing Order service allows to make regular payments from your UkrSibbank’s current account automatically. You only have to specify amount, payment details and frequency of payments. The Bank will care about the rest on your order.

Benefits of Standing order:

  • You can select several types of standing order: transfer of a fixed sum, 100% of your balance or 100% above the minimum balance on your current account;
  • It is up to you to set frequency of payments in line with their specifics: every working day, certain day of every month or the last day of the month/quarter/year;
  • The only thing you need to do is to regularly add money to your current account – the Bank will take care of the rest;
  • Standing Order you can easily save money on your deposit account;
  • To make payments on different terms and conditions and to different counterparties, you just need to sign the required supplementary agreements with the Bank.

For more details please approach UkrSibbank employees, who will kindly advise you on how to make automatic payments using Standing Order service.


SWIFTNet is a global channel for financial messages exchange.

With a view to enable centralized management of accounts belonging to multinational corporations, the Bank offers the SWIFTNet. It is an interbank international service for exchanging financial messages that is rendered by SWIFT and provides companies with distributed network of structural subdivisions along the world with secure connection with their Bank via unique protocol (host-to-host).

Within SWIFTNet , the Bank makes direct debit of funds in the national and foreign currencies from your accounts provided that the Bank has received relevant incoming payment order in the МТ 101 SWIFT-message from the Initiator in favour of third party.

This service offers a range of benefits for international companies with single centralized payment center:

  • Usage of single channel for exchanging financial messages, allows to accelerate and automate payment processes in the international company;
  • Possibility for the parent company (initiator) to initiate transfer from the account of structural subdivision;
  • Fast and timely settlements of structural subdivisions in different companies;
  • On-line possibility to receive status of initiated payment order submitted via SWIFTNet channel and to control financial flows under all structural subdivisions in different structural subdivisions in different countries;
  • Receive regular reporting in form of МТ SWIFT 940 and 942 statements;
  • Save on costs and decrease operational risks for international company working via single channel for financial messages exchange.

For more details on SWIFTNet servicing channel, please approach UkrSibbank employees, who will kindly provide you with full information on the issue.

Statement in the SWIFT-message format MT940 or MT 942

If your company regularly reports to the parent company on its accounts and cash flow, you may want to try UkrSibbank’s SWIFT МТ 940 or MT 942 Statement service offered to all holders of UkrSibbank’s current accounts.

UkrSibbank sends SWIFT Statement to a financial institution (bank), which is authorized by you as account holder to receive such information or directly to SWIFT address of a headquarter company. Therefore, you needn’t bother to generate and forward consolidated statement of your company’s account to a third party because the Bank will do it for you on your order.

With SWIFT МТ 940 or МТ 942 Statement you will enjoy the following perks:

  • Automatic generation and sending of consolidated or intraday statements on accounts in national and foreign currency;
  • An opportunity to choose frequency of statements generation depending on your business specifics and recipient demands;
  • An opportunity to chooose an interval of intraday statements generetion and sending during the bussiness day;
  • Cash flow on your company’s accounts will be consolidated in a single file;
  • Enabling and disabling the function to generate statements if there is no cash flow on accounts;
  • Safe data transfer thanks to the international interbank encoded data transfer system.

For more details on reports generated for the parent company please approach UkrSibbank employees, who will kindly provide you with full information on the issue.