Glossary entry (derived from question below)
English term or phrase:
overlay bank
Polish translation:
bank w dwupoziomowym układzie krajowo-regionalnym
Added to glossary by
Frank Szmulowicz, Ph. D.
Aug 5, 2021 10:54
2 yrs ago
11 viewers *
English term
Poland
Works in: English to Polish, Italian to English
overlay bank
English to Polish
Bus/Financial
Finance (general)
In order to improve the efficiency and integration of cash management, each Centralised Subsidiary agrees to open, at the request of the Centralising Company, bank accounts with the overlay banks selected from time to time by the Centralising Company for the purposes of cash management.
Proposed translations
(Polish)
| 2 | bank w dwupoziomowym układzie krajowo-regionalnym |
Frank Szmulowicz, Ph. D.
|
References
| What is a Bank Overlay Structure? |
geopiet
|
Change log
Aug 30, 2021 11:23: Frank Szmulowicz, Ph. D. Created KOG entry
Proposed translations
2 hrs
Frank Szmulowicz, Ph. D.
United States
United States
Native in English
&
Polish
Works in field
United States
On time, on target, on budget.
Native in: English 
, Polish
Works in: Polish to English, English to Polish, Russian to Polish, and 1 more.
Related KudoZ points
:
1109
Selected
bank w dwupoziomowym układzie krajowo-regionalnym
These are the two levels: the local country level and the regional/global level.
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Тhe Levels in a Bank Overlay Structure
There are two levels in a bank overlay structure. The bottom layer contains the in-country banks that are used to deal with local cash transactions, such as cash receipts from locally-generated invoices to customers. The top layer is comprised of a group of regional banks that are networked together, or perhaps even a single superbank that operates at a global level. This top layer of banks maintains a separate bank account for each country in which the company does business, or for each legal entity owned by the parent company. The cash balances in the accounts located in the bottom layer of banks are routinely shifted into the accounts maintained by the top layer of banks. These cash sweeps may be conducted with manual transfers, or perhaps with standard authorizations issued to the local banks, or via SWIFT messages from the top-layer banks.
Under this arrangement, the bulk of all banking transactions are conducted in the bottom layer of banks, with occasional cash sweeps shifting funds to and from the top layer of banks.
In short, the bank overlay structure is a useful tool for consolidating cash at a regional level, and perhaps even at a global level, thereby allowing for the centralized management of cash.
https://www.accountingtools.com/articles/2017/5/15/bank-over...
cccccc
Тhe Levels in a Bank Overlay Structure
There are two levels in a bank overlay structure. The bottom layer contains the in-country banks that are used to deal with local cash transactions, such as cash receipts from locally-generated invoices to customers. The top layer is comprised of a group of regional banks that are networked together, or perhaps even a single superbank that operates at a global level. This top layer of banks maintains a separate bank account for each country in which the company does business, or for each legal entity owned by the parent company. The cash balances in the accounts located in the bottom layer of banks are routinely shifted into the accounts maintained by the top layer of banks. These cash sweeps may be conducted with manual transfers, or perhaps with standard authorizations issued to the local banks, or via SWIFT messages from the top-layer banks.
Under this arrangement, the bulk of all banking transactions are conducted in the bottom layer of banks, with occasional cash sweeps shifting funds to and from the top layer of banks.
In short, the bank overlay structure is a useful tool for consolidating cash at a regional level, and perhaps even at a global level, thereby allowing for the centralized management of cash.
https://www.accountingtools.com/articles/2017/5/15/bank-over...
4 KudoZ points awarded for this answer.
Reference comments
2 hrs
Reference:
What is a Bank Overlay Structure?
Companies operating on an international scale frequently have trouble reconciling the need for efficient cash concentration operations with the use of local banking partners with whom they may have long-standing relationships and valuable business contacts. The solution is the bank overlay structure.
A bank overlay structure consists of two layers. The lower layer is comprised of all in-country banks that are used for local cash transaction requirements. The higher layer is a group of networked regional banks, or even a single global bank, that maintains a separate bank account for each country or legal entity of the corporate structure. Cash balances in the lower layer of banks are swept into the corresponding accounts in the higher layer of banks on a daily basis (where possible, subject to cash flow restrictions). These sweeps are accomplished either with manual transfers, SWIFT messages from the networked banks to the local banks, or with standing authorizations to the local banks. This approach allows funds to be consolidated on either a regional or global basis for centralized cash management.
- https://www.accountingtools.com/articles/2017/5/11/bank-over...
A bank overlay structure consists of two layers. The lower layer is comprised of all in-country banks that are used for local cash transaction requirements. The higher layer is a group of networked regional banks, or even a single global bank, that maintains a separate bank account for each country or legal entity of the corporate structure. Cash balances in the lower layer of banks are swept into the corresponding accounts in the higher layer of banks on a daily basis (where possible, subject to cash flow restrictions). These sweeps are accomplished either with manual transfers, SWIFT messages from the networked banks to the local banks, or with standing authorizations to the local banks. This approach allows funds to be consolidated on either a regional or global basis for centralized cash management.
- https://www.accountingtools.com/articles/2017/5/11/bank-over...
Discussion
W początkowej fazie działania system będzie obsługiwał tylko polecenia przelewu. Płatności będą inicjowane przez klientów bezpośrednich uczestników systemu lub za pośrednictwem tzw. overlay services, czyli specjalnie do tego celu stworzonych interfejsów dostępowych dla użytkowników końcowych systemu. Platforma NPP, ze względu na swój otwarty charakter, będzie mogła obsłużyć wiele rodzajów interfejsów do przekazywania płatności do systemu. Jedynym ograniczeniem wprowadzania nowych overlay services na platformę NPP będzie przyjęcie ich stosowania przez co najmniej dwóch uczestników. Na początku na platformie NPP zostanie zaimplementowany jeden rodzaj overlay services, tzw. Initial Convenience Service. W dalszej fazie funkcjonowania systemu planuje się również obsługę innych rodzajów płatności takich jak np. polecenie zapłaty oraz wprowadzenie możliwości przekazywania płatności z wykorzystaniem numeru telefonu komórkowego lub adresu e-mail nadawcy, do których przypisany będzie numer rachunku bankowego. Wymiana komunikatów w systemie będzie odbywała się w standardzie ISO 20022
https://www.nbp.pl/systemplatniczy/platnosci-natychmiastowe/...
Rozwiązania te stały się w ciągu ostatnich kilkunastu miesięcy na tyle kontrowersyjne1, że Komisja Europejska zdecydowała się zaproponować objęcie tych usług reżimem dyrektywy PSD.
- https://codozasady.pl/p/nowa-usluga-platnicza