PNC's Corporate Account Analysis system calculates and reports your monthly activity charges to help you manage your company's Treasury Management relationship. Your statement summarizes monthly account balance information in addition to providing a detailed listing of your monthly activity charges, categorized by related service.
Information is defined as follows:
|Average Ledger Balance||Daily ending balance after all transactions have been posted. The daily ledger balances are totaled for the month and divided by the number of calendar days in the month.|
|Deposit Float||Average amount of each day's ledger balance that is in the process of collection. Daily Deposit Float balances are totaled for the month and divided by the number of calendar days in the month.|
|Average Collected Balance||Average Ledger Balance minus the Deposit Float.|
|Reserve Requirement||The amount of your balance that PNC keeps on reserve with the Federal Reserve to comply with regulations. Reserves are computed by applying the reserve rate to the Average Collected Balance.|
|Investable Balance||The Average Collected Balance in that account available after deducting the Reserve Requirement for that account and is used in the calculation of the Earnings Allowance. This excludes any balances that are not eligible for Earnings Credits (for example balances in interest bearing accounts).|
|Collected Balance Required||The total balances needed to offset the cost of analyzed services for all accounts in the relationship. This is calculated by multiplying analyzed charges for the month by the amount required to offset $1 in service charges. Note: this is only applicable if an account is eligible for an Earnings Allowance.|
|Excess/(Deficit) Balance||The amount of your Average Collected Balance that remains after calculating the Collected Balance Required. A positive number indicates that there was sufficient Average Collected Balance to offset the Collected Balance Required. A negative number indicates that there was not sufficient Average Collected Balance to offset the Collected Balance Required.|
An Earnings Allowance is calculated on Investable Balances in your account, and offsets certain Bank activity charges.
Additional account analysis calculations are determined as follows:
|Earnings Allowance||Computed each month by multiplying the earnings credit rate by the number of calendar days in the billing period divided by the number of calendar days in the year; times the Investable Balance.|
|Total Analyzed Charges||The sum of the analyzed services rendered, which can be offset with the Earnings Allowance.|
|Total Fee Based Charges||The sum of all services that are not eligible to be offset by Earnings Allowance.|
|Excess/Deficit Fees||Analyzed Charges minus any applicable Earnings Allowance. An Excess Fee is incurred when the Earnings Allowance amount is greater than the total Analyzed Charges. This is represented by a positive number. A Deficit Fee occurs when the Earnings Allowance is less than the Total Analyzed Charges. This is represented by a negative number. (Deficit fees are commonly referred to as Balance Deficiency Fees.)|
|Total Amount Due||The total of any Deficit Fees and Fee Based Charges. The method of payment (for example, Debit) for any Amount Due will be printed directly under the Total Amount Due.|