In-house bank

Roles that need it

• Corporate Treasury Analyst
• Treasury Analyst
• Treasury Advisory Associate
• Cash Management Product Manager

Skills it belongs to

• Treasury and cash flow management
• FX risk and hedging instruments

Related concepts

• Payment factoryA payment factory is a central unit or platform that processes the payments of all group companies, using one format (often ISO 20022 pain.001) and few bank connections. In a payment on behalf of (POBO) model the central entity pays suppliers from its own accounts; collection on behalf of (COBO) does the same for receipts.
• Cash poolingCash pooling is a group treasury technique that concentrates or offsets the balances of many group accounts, so that surpluses fund deficits and external borrowing falls. In physical pooling (zero or target balancing) money is swept to a header account; in notional pooling balances are combined for interest only. Tax rules treat pool positions as intragroup loans.
• Intercompany nettingIntercompany netting is the periodic offsetting of payables and receivables between companies of the same group, so that each pays or receives only its net balance, often through a central netting centre. Multilateral netting reduces the number and value of payments, foreign exchange deals and bank fees.
• Virtual accounts (virtual IBANs)Virtual accounts are sub-ledger account numbers, often virtual IBANs, that a bank issues on top of a real account so that each customer, subsidiary or invoice gets its own payment reference. Incoming funds land in the real account and are matched automatically. The 2024 EU anti-money laundering package brings virtual IBANs into national bank account registers.

Sources

• OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations 2022, OECD (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.