Client accounts, Practice Accounts and volume CHAPS
£100.00 (£115.00 incl VAT)

Bank Manager says and means.

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This module is aimed at Solicitors and other professional practices that hold client funds. It deals the practice’s own credit funds as well as undesignated and designated client funds and the various ways these can be controlled and returns optimised to the benefit of practices in a manner approved by relevant governing bodies. It deals specifically with achieving the best market rates.

For solicitors it also looks at the volume CHAPS market and pricing and what you should be paying.

Content Headings of Module

Feedback from you about our advice
Frequently asked questions
Governing body rules apply
- Are you entitled to earn from these deposits? Is client authority required?
- What interest should be paid to clients?
Undesignated Client accounts
Treasury/Money Market deposits
Offset
Deposit accounts at other banks
Which banks can I trust?
Tiered rates v tranched rates
Top slicing
Negotiating custom rates
- Aggregation of accounts/balances
- Flat rate margins
- Tracking market rates
- Deposit terms are interchangeable
- Deposit rates and Borrowing rates and relationship to Base Rate and LIBOR
- Trade offs
Office accounts in practices holding substantial client funds
Designated Client accounts
- Banks’ electronic Client Monies packages – designated or “designated”
- In house accounting
- Controlled trusts and accounts for which business members are trustees
Client account transaction charges
Draft Bank Letter Suggestions
Summary

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BANKING ADVICE GUIDE
is a division of
ATTFIELD JAMES LIMITED
Head Office: Cary House, South Cary Lane, Castle Cary, Somerset BA7 7ER

Tel: 01963 470140 ~ Fax: 01963 351599
e-mail: sbe@bankingadvice.co.uk

Client accounts, Practice Accounts and volume CHAPS £100.00 (£115.00 incl VAT)

Client accounts, Practice Accounts and volume CHAPS
£100.00 (£115.00 incl VAT)