Danske Bank's new multi-currency account for cash pools allows companies to hold all their currencies at the bank in a single account regardless of the number of currencies. There is real-time updating of the account as any funds are deposited or used. Corporate clients choose a base currency which is used to calculate the overall nominal balance of the account, as figure below shows.

Source: Danske Bank

This account minimises the need to carryout swaps to fund the ebbs and flows of daily trade and minimises exposure. The One Account is available in any nominal currency and in any location where Danske Bank has branches.