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CCM

Action iT (Pty) Ltd has an established relationship with Investec Specialist Bank and we are able to offer a value added banking administration service to our clients and to the clients of our approved Business Partners who are operationally required to hold third party funds on behalf of their clients.

Our Offering

The Action iT Money Market affords investors the opportunity to earn the levels of interest that previously only were available to financial institutions and high net worth investors through a secure online banking system that was specifically designed for third party fund administration. The money management system is called Investec Corporate Cash Manager (CCM) and it complies with industry body rules and regulations.

The Money Market is generally a market for short-term investments which has a variety of players. These include the Reserve bank, commercial banks, companies and financial institutions. The interest rates offered by the Money Market investments are often linked to the Prime Overdraft Rate (the rate at which private banks lend out to the public) which in turn are derived from the Repo rate (the rate at which the South African Reserve Bank lends money to local banks in the private sector).

The key features and benefits of our banking administration service include:

  • Very competitive money market interest rates offered to our clients
  • Personalised service
  • Direct line to your dedicated administrator
  • Clearly defined quick turnaround times, which include:
    • Opening of new client accounts within 1 hour
    • Withdrawals and closures within 12 business hours
    • Report requests within 2 business hours
    • Property guarantees within 24 business hours
  • No transactional charges other than those related to cash deposits or unusual transactions
  • All investments are made with Investec Specialist Bank
  • All transactions take place in a secure banking environment
  • Confirmation of transactions are sent via SMS, email and/or fax
  • Regular payments can be scheduled
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