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 Definition of Zero balance account, ZBA - Finance dictionary
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Zero balance account, ZBA ((See Chapter 47 of the Vernimmen))
The zero balance account concept requires subsidiaries to balance their position (i.e. the balance of their bank accounts) each day by using concentration accounts (see concentration bank) managed at group or sub-group level.
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Definitions of terms begining
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:
Zero balance account, ZBA ((See Chapter 47 of the Vernimmen))
The zero balance account concept requires subsidiaries to balance their position (i.e. the balance of their bank accounts) each day by using concentration accounts (see concentration bank) managed at group or sub-group level.
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