Cash Pooling

Webcor Holding • Surplus Cash/ Dividend

Webcor
Investments Ltd (UBS) • Deposit/ Borrowing LTV free cash 85%

Webcor SPV • Multicurrency cash concentration USD/EUR,

Master Account (In
house Bank) • ZBA

Offshore/cash
concentration

Local/ Notional

Header Account Header Account local Header Account local

Geneva (Credit Agri) • Withholding tax on Int. bank Int. bank
interest and deposits 35%,
• No tax on Intercompany • Withholding tax applicable to
and loans, foreign banks
• notional pool.

WSA WSA WSA WDMCC WDMCC WDMCC Will Will Will

Average Cost of borrowing? Average cost of borrowing 6.0% Average cost of borrowing 6.0%

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Check List

YES NO
Cost
Withholding tax Switzerland X
Withholding tax Malta X

Compliance X
Movement same bank
Movement same Group/ company X
Security x
Availability AA+ (rating)
Malta Banks (FIM and IIG)
Benefits

Borrowing LTV Malta x

Borrowing LTV UBS x

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