Multi–Bank Cash Concentration Service
Our Multi–Bank Cash Concentration Service (MBCC) is designed to help you manage your liquidity across all accounts, including non–Mizuho bank accounts. The service can be used for all accounts held with banks connected to SWIFT.
As long as the client's primary account banks are members of the SWIFT system, they can be controlled from any designated primary head office and debited without processing a formal request.
Note: A bilateral banking agreement between Mizuho and other participating financial institutions must be established.
- Mizuho can automatically concentrate and distribute funds across its accounts based on pre–determined conditions without a formal request.
- MBCC uses other bank's remittance and balance information services.