NCB has a dedicated Financial Institutions Relationship team that manages specified local financial institutions and correspondent banking relationships.
The relationship management team utilizes NCB's strengths in technology & infrastructure, expertise, experience, largest branch network, flexibility, efficiency and cost effective deliverables to offer the best service. They also structure and arrange credit facilities/proposals for the financial institutions:
- Uncleared Effects Facility
- Overdraft Facilities
NCB's payments strategy is one of its primary tools in serving clients. NCB has the most comprehensive offering of electronic solutions in the market, namely:
NCB Funds Direct
Increase your efficiency with NCB Funds Direct and effectively manage your company's cash flow. NCB Funds Direct allows for direct deposits and direct payments electronically across all commercial banks. Direct deposits include:
- Pension Payments
- Dividend Payments
- Transfers between businesses e.g. accounts payable and receivable entries, and recurring payments.Direct payments include:
- Insurance premiums
- Standing Instructions across Banks
- Loan payments,
- Mortgage payments and utility payments.
Using NCB Funds Direct will not only increase efficiency, but reduce operational costs. NCB is one of the most active and experienced users of the Automated Clearing House (ACH) platform in the marketplace.
Real Time Gross Settlement (RTGS)
The RTGS is a payment system specifically designed to process large value and time critical payments by financial markets participants on a real time, transaction by transaction basis continuously on any given business day. The RTGS replaces the deferred settlement system that facilitated posting of net obligations of participants on a batch basis throughout the day and settlement at end of day against accounts at the BOJ.
NCB being the largest commercial bank processes and receives large value payment to/from other commercial banks on behalf of clients without direct access to the BOJ. The transfers across banks are done electronically and are real time payments.
Our expert professionals can effectively manage your company's cash position with our comprehensive range of financial solutions.