Legal Status of Participants of the Intra-Group Loan Agreement between the Companies (Pooling Cache) under the Management of a Unified Treasury Center

Abstract

The article examines the problems of the emergence and development in Russia of one of the mechanisms of financial management — cash pooling. The legal nature of cash pooling as one of the types of intragroup loan agreements between companies is revealed. Three categories of participants in cash pooling have been identified. This article examines the legal status of only one category of cash pooling participants — legal entities united in a group under the control of a single treasury center. The analysis of the terms “single treasury center”, “central treasury” and other similar terms, which means a single center through which financial flows of organizations pass, is carried out.The question of what legal entities can be combined into a group under the control of a single treasury center is being resolved. The possibilities of participation in these relations of legal entities of various organizational and legal forms are considered. The article examines the peculiarities of participation in intra-group loan relations of a state company, state corporations and public-law companies united in a group with other legal entities under the management of a single treasury center.