Cash Management

Payment and Collection Services

Optimising Your Working Capital with the IDEAL Solution

We understand that managing your cash flows is vital to the long-term sustainability of your business. In an increasingly competitive business environment, efficient working capital management can provide you with a subtle yet powerful competitive advantage.

DBS' Global Transaction Services helps you stay ahead of the competition by optimising your working capital and returns on your cash holdings. We have a comprehensive suite of solutions available to control and effect financial settlements of your purchases and sales, regardless of the mode of payment required.

With our cutting edge technology, you can access a secure and single-window web-based platform called Integrated Direct Electronic Access Link or IDEAL™ to monitor your regional cash management needs. You can manage your cash and trade finance needs as well as make fast and secure transactions anywhere, anytime.

A dedicated team of product specialists is on hand to support you. Let us take care of your financial transaction needs so that you can focus on growing your business.

Accounts Payable Management

The following payment products are available at competitive pricing and fast turnaround:

Issuance of Bank Drafts with wide coverage
Payments by Real Time Gross Settlement (RTGS) - Coverage of over 1900+ bank branches (as of November 2007)
Payment by National Clearing System (SKN) - for low value payments
Outward Telegraphic Transfers (TT)
Issuance of Cheque and Bilyet Giro
Account transfers to your own accounts from other DBS accounts
Cash delivery to customer site
Payroll
Electronic Tax Payment for customers to pay Import tax from their sites

Accounts Receivable Management

We offer funds collection services at our own branches and wide network of correspondent bank branches. They include:

Collection of cash & cheque deposits at all DBS branches in 11 cities across Indonesia
Collection of cash & cheque deposits by DBS' local bank alliances i.e. BII & Niaga in locations where DBS branches are not present
Collections by Real Time Gross Settlement (RTGS) and National Clearing System (SKN)
Incoming Telegraphic Transfers (TT)
Cash pickups from customer sites

Liquidity Management

With the following liquidity management services, you can effectively manage funds in your accounts to maximise your returns:

Indonesian Rupiah and Foreign Currency Accounts
Time Deposits - with competitive interest rates
Liquidity management with sweeping and pooling services
Multi-Tiering Interest (MTI), which offers competitive rates close to the Fixed Deposit Rate, as long as a minimum balance is maintained in the account