Cash pooling jako metoda optymalizacji przepływów finansowych w korporacjach finansowych
Cash Pooling as a Method of Optimization of Cash Flows in the International Corporations

Summary/Abstract: One of the most used methods of optimization of cash flows in transnational corporation (TK) is cash pooling. It relies on a concentration the bank accounts balances on a main account belonging to a mother company – a leader of a system and their balancing i.e. compensation of surpluses and shortages. There are several its kinds among them the basic are physical pooling, national pooling and their combination i. e. hybrid cash pooling. A physical pooling means a real flow of cash between accounts and national only theoretical in order to calculate of interest from consolidated main account. The benefits of cash pooling rely on: *optimalization of interest effect – percentages from compensated balance yield higher revenues than those from individual accounts; *reduction of operating,financial costs *increase of financial liquidity; *improvement of cash flows transparency and by that a possibility of more effective management of them. An organizer of cash pooling has to take in to account that in practice exist important barriers of its uses in on international sphere resulting from restrictive legal and tax regulations and higher costs of its implementation.

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