Business banks out o wood. A ter the "coming out" to Caisses d'Epargne on the remuneration o the accounts o indi iduals, ING ormalizes this morning be ore a client treasurers willingness to pay the accounts o large companies. "We are impro ing our o er payment and cash management by the possibility to o er to our customers, in a classical bilateral negotiation, compensation o deposits on their residents in euro opened in rance accounts", says Robert de Tinguy Pouët, Director o ING Bank rance. A case which is ar rom isolated.
Since the authorization gi en on 16 March by a ministerial order repealing the ban on remunerated sight accounts, all banks are negotiating or granted in some cases little or less on paper pay their balance current to their major customers who ha e made the request. Whether BNP Paribas, HSBC CC , Crédit Agricole, o ABN AMRO, o Banques Populaires, the CIC or e en o the Société Générale which irst, had chosen not to pay the accounts o indi iduals. But the di erence is to yield to the case by case basis to its customers and announce it as a competiti e ad antage, like what is going to ING. "The banks won't eel to automatic compensation." "It is the e ect o multitude who made them ear," explains a banker.
In act, obtained conditions are highly ariable o one company to another. But the rates o pay are seldom negligible, ery close to the Eonia. A large company completes its negotiations thus obtained to be paid by two o its banks, one or Eonia rate 0.25 and the other in Eonia 1.
Although compensation is not its main axis o negotiation, Elior registered only a temporary re usal and was best or the moment propose Eonia 30 basis points.
"The e ect o example".
Con ersely, ED has asked its main banking partners. " or the moment responses slow to arri e, banks probably earing the e ect o example that can trigger an application more widespread on the part o the treasurers," said Gilbert Labbé, Treasurer o the energy company. PSA recei ed rom irtually all his banks 15 total the possibility to be paid, the o er in the best position still, then, o a ew basis points below the Eonia. Most o ten, these concessions were obtained by enterprises without any tari consideration.
Banks, it is true, ew to lose to pay deposits o large companies, whose accounts are usually zero end o each month through management o balances more closely.
Howe er, this new o er will not substitute or indirect remuneration systems. On the contrary, some companies do not hide that the two are inseparable. "Banks which not rémunèreront not deposits, in denying oursel es spare wheel, could, i necessary, lose the low that we entrust their monetary in estment", thus considers Guillemette Colrat, Treasurer o Elior.
All that, or large irms, the contribution is real, both in terms o reduction o management costs in terms o number o entries. It will also remo e the short alls in the e ent o di erences in alue dates.
"I be paid, i we recei e late receipt in ormation, we will be credited retroacti ely the amount but in the meantime, we will be unable to place these unds, except to put in place generally hea y de ices in terms o management, explains Gilbert Labbé." "It is certain that the remuneration o Auditors will be a test o choice important in our banking policy in the coming months."