The Mirror Account Service (MAS) is a concentration service that enables you to pool your funds from accounts maintained by your various subsidiaries, divisions, or related entities while maintaining operating account autonomy among the participants. By consolidating funds, you are able to earn higher interest returns or minimize the use of operating bank credit lines through inter-entity lending, while maintaining autonomy in day-to-day banking activities.

What You Can Do With Mirror Account Service

• system is fully automated and can accommodate five tiers of corporate structure
• accounts in US$ or CDN$ can be maintained at any TD Canada Trust branch in Canada (separate hierarchies are required for each currency)
• permits inter-entity lending/borrowing to minimize the use of operating bank credit lines
• Interest Allocation System can be used to track transfers and interest owed or earned by the participating entities

What Benefits Does Mirror Account Service Provide?

• funds are automatically consolidated into a single concentration account
• higher interest earnings potential on deposit balances
• reduced borrowing costs by substituting inter-entity lending for bank financing
• facilitates monitoring of subsidiaries' activity without affecting their autonomy
• only one operating line of credit is required at the concentration account level

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