DIAMOS provides you with a cash account with various functional features that can generate special added value for your internal process optimisation as well as for sales partners and investors.
Special added value for sales partners and asset managers
Special added value for investors
Clearing account/foreign currency account with automated payment transactions
External payment transactions
In addition to being used as a clearing account, incoming and outgoing SEPA Direct Debit and SEPA Credit Transfer payments can also be processed in favour of or debited from third-party accounts. Standing orders, scheduled transfers, direct debits and mandates for SEPA direct debits can be managed.
Integrated solution with DIAMOS-D
The integrated solution with DIAMOS-D offers versatile advantages.
The advantages are also obvious in technical operation:
Advance on securities credit
Through the function of the advance on securities credit, DIAMOS CashAccount makes it possible to grant loans secured by the deposit/pledging of securities.
The DIAMOS cash account offers a wide range of options for customising and securing the range of services:
Comprehensive (tax) reporting and regulatory reporting
In interaction with the custodian system (z.B. DIAMOS-D)the DIAMOS cash account enables the consolidated settlement of regulatory reporting
Interest can be charged on the clearing account at a daily interest rate. Overnight loans can be offered in euros or foreign currency.
Balances can be invested as fixed deposits at an interest rate fixed for the term in a separate cash account as a fixed deposit. An existing cash account is used as the reference account.
The DIAMOS cash account product offers many advantages for the parties involved and represents a win–win situation for the settlement platform, its sales partners, and customers.
Sales partners and asset managers can act without the involvement (and thus also without the influence) of the investor’s house bank and position themselves better. For example, against attempts by the house bank to alienate them. Within the framework of customer counselling, the (interest-bearing) cash account can be included as a building block in asset accumulation or management. Depending on the design (depends on the product provider), an additional source of commission income can also arise for the sales partners.
The investor participates in a return on their liquid financial investment and can switch between the fund investment and its (short-term or temporary) liquidation without any loss of value. This transaction speed also enables the investor to carry out same-day transactions using the cash account because with an integrated solution, the settlement agent can immediately view and assess the expense and revenue side of the securities transaction.
An essential service aspectespecially under the aspect of increasing tax complexity, is the consolidated reporting for the end client – especially in the area of taxes
The settlement platform itself can better retain sales partners through this expanded service and product offering and gain market share that may be more domiciled through direct banks.
Professional consulting, integration, and support services – including regular user meetings and the extranet portal “MyDIAMOS”, which is exclusively available for our users – round off our offer for you. With the ISAE 3402 Type II attested DIAMOS data centre, we offer you an additional plus in efficiency. Via this, we provide application service providing (ASP) solutions individually adapted to your wishes.