Pooling
Surplus cash in one group company covers shortfalls in another, so the group borrows less from outside.
Group treasury that simply works.
Five nines company SIA is a Latvian group financing company. It pools, lends and keeps track of money within its own corporate group, so that every group company has the funding it needs and every euro is on record.
What it does
Four treasury functions
All of them are carried out only with companies in the same group.
Intragroup loans
Lending between the company and its group entities on written agreements that set the amount, rate and schedule.
External funding
Receiving financing the group raises from licensed banks, then passing it on to the group companies that need it.
Records
Loan registers, interest calculations and balance confirmations kept ready for auditors, tax authorities and lenders.
Interactive
Cash-pool simulator
Why do groups pool cash? Enter the balances of four group companies and compare the cost with and without pooling.
—net interest per year, without pooling
—net interest per year, with pooling
—saving per year from pooling
Illustration only, with example figures. It shows the principle of netting balances, not the terms of any real arrangement. Interest between related companies must meet arm's-length transfer-pricing rules, so get advice from a qualified tax adviser. Inputs stay in your browser.
Scope
What the company is not
- ✕Not a bank or credit institution. It accepts no deposits from anyone outside the group.
- ✕Does not lend to the public and offers no consumer credit.
- ✕Provides no investment, payment or crypto services, and raises no money from investors.
- ✕Holds no licence from Latvijas Banka or the Consumer Rights Protection Centre (PTAC). Its activity does not require one.
- ✕Not an IT or hosting provider. "Five nines" is part of the registered name only.
Looking for a loan or an investment?
This company cannot help. Start with a licensed bank, which is usually the cheapest option.
Check any financial company in the public register of Latvijas Banka. Consumer lenders must appear in the PTAC licence list.
For financial, tax or legal questions, consult a qualified adviser.
Fraud warning
Five nines company SIA never advertises loans, investments or returns, never contacts members of the public with offers, and never asks for advance fees or banking codes. Any such approach in its name is fraud. Do not pay. Report it to the State Police and let us know at company@fiveninescompanysia.com.
Correspondence
Contact
For lenders, auditors, authorities and group counterparties.
- Telephone
- +371 2487 1625
Personal data in correspondence is processed only to handle that correspondence, in line with the EU General Data Protection Regulation.