Interest Allocation Service (IAS) is a service that provides Mirror Account Service (MAS) customers with a monthly report of the daily account balances and interest earned/owed among all accounts participating in MAS. IAS automatically tracks and calculates inter-entity lending activity which allows you to treat each entity autonomously.

Note... This service only applies to those customers using Mirror Account Service.

What Benefits Does Interest Allocation Service Provide?

• eliminates the complex administrative and accounting task of tracking inter-entity lending/borrowing activity, particularly during periods of fluctuating interest rates
• allows for a flexible inter-entity rate that can be modified by you
• timing of period-end reports facilitates statement preparation

For more information contact a Relationship Manager at the Commercial Banking Centre nearest you.