PRACTICAL ASPECTS OF CASH-POOLING AS A TYPE OF THE CORPORATE CASH-FLOWS MANAGEMENT

The article discusses the practice of forming cash-pooling in the Gazprom Group and provides a system of quantitative and qualitative indicators, which is adopted in Gazprom. A cash pool (cash pool) is a group of current accounts of one or more companies belonging to a corporation and a main account (master account). Cash pooling of a corporation is important: more strict control is exercised over group cash balances; higher interest results are obtained due to the fact that credit balances balance debit balances; money is not without movement in the accounts of subsidiaries; there is the possibility of replenishing the cash deficit or investing their surplus in the money market at more favorable interest rates. Russia has developed its own practice in relation to pooling operations, as well as new models of cash flow management, which are explored in a scientific article.

cash pooling, financial flows, liquidity management, cash deficit, operating accounts, cost of lending, cross-border currency transactions, ruble operations, cash management, cash flow management model.

Ermolovskaya O. Yu., Komarova M. A. Practical aspects of cash-pooling as a type of the corporate cash-flows management // Business. Education. Law. 2019. No. 1 (46). Pp. 160–164. DOI: 10.25683/VOLBI.2019.46.147.