All-Risk Insurance
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This service is offered in Kenya exclusively by G4S. Whatever valuables you have entrusted G4S to carry for you, All Risk Insurance will immediately fully compensate the interest insured in the event of any loss. You won’t have to wait for lengthy court cases and legal negotiations; your compensation will be effected in the fastest time possible!
Cash Management Solutions
When you take up the All Risk policy, you will also receive a total cash management solution. This gives you use of G4S’ centralised cash handling warehouse. Behind the steel doors and inside the well-protected vault, G4S’ team of keen-eyed professionals will pack, count and store cash on your behalf. This removes the risks attracted by handling the cash at your premises.
Cash in Transit
With this solution working for you, G4S collects any cash or valuables you have, and under armed escort, transports them in ballistic protected vehicles to your desired destination. This leaves your hands free to handle more important aspects of running your business.Your cash and valuables are insured under G4S’s All Risk cover while in transit. We hereby propose to Provide Cash In Transit under the procedure below: -
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Our crew, in a specially designed vehicle, escorted by armed administration police officers, in Chase Car will drive to a collection point of your choice at time agreed. The G4S Cash Services Supervisor, who remains the only officer authorized by us to receive any consignments, will head the crew. The identification details of the crew commander will be contained in our authorized photo list, which we will provide on commencement of the service. The crew commander will receive cash/valuables in containers already padlocked by your representative. Each container will be sealed with a uniquely numbered G4S seal in addition to the padlock put in place by your representative.
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The crew commander will then issue your representative with our official receipt, which should show the details of the seals used. The sealed containers will be transported to a destination of your choice and will handed over to your authorized representative. Before signing for the containers, your representative will confirm that the seal and padlock are in good order and intact.
What is it?
A World of Security Solutions if you would like to know more how G4S can add value to you business, why not visit our state of th earth Cash managment Centre and see for yourself just how globalsolutions have been harnessed to provide local solutions or call our customer service line 6982444
Group 4 Securicor
Is the movement of money in sealed containers . What Benefit?
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G4S takes over the risk of transportation of money We provide All risk so long as they adhere to the set container limit of 1.5 limits Container limits is a disadvantage Risk of putting money in one container is that the customer exposed and thus will not get compensated if there is theft above the set container limits Customer staff are exposed but with the highly trained team at G4S this risk averted Expertise and professionalism using Ballistic protected vehicles Customers exposure is reduced since ordinarily they would carry the money to the bank Overnight Storage
There are many times you’ll find your business operating long after the banks have closed. In times like these, G4S eliminates the need and risk of storing cash and valuables at your premises overnight. G4S collects the cash or valuables in a sealed container from your premises, stores them overnight in our high security safe, delivers the cash or valuables to the bank the following day and brings you the banking slips.
Suitable for companies that handle huge volumes of cash after banking hours , weekends and public holidays Suitable for banks that would need their off site ATMs REPLENISHED over long
Group 4 Securicor
A World of Security Solutions
Tel: 254 20 6982000 Fax: 254 20 6982202, 532380 Mob: 0722 314392/0733 873494 Email: info@g4s.com Webwww.g4s.com/kenya
G4S CASH SERVICES
Cash Services
• Introduction Cash Services G4S is one of the leading global providers of Cash Services. Our expertise enables us to meet a wide range of customer needs, including:
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Cash and valuables transportation Coin and cash management Fully outsourced cash centre management Automated teller machine (ATM) replenishment Outsourced ATM management for financial institutions and retailers IT systems to drive and support service delivery Cash & ValuablesTransportation
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Most cash transportation takes place between cash centres (where cash is stored and processed) and customer outlets such as bank branches and retail stores. The Group has developed innovative information systems which allow efficient planning of routes and services to track the movement of cash and valuables throughout the network. The Group also transports valuables (including precious metals and diamonds) internationally.
Cash Management
A comprehensive cash management service is provided for customers, which includes:
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the management of commercial and central bank cash stocks the counting and reconciliation of
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The forecasting of cash usage ATM maintenance Cash replenishment Reconciliation services G4S also involved in shaping public policy around cash issues
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G4S’s range of solutions is wide enough to suit your needs, and still customisable to meet your demands.
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Total Cash Management concept
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Under the Total Cash Management Concept, G4S Security Services will be responsible in managing your cash in Nairobi and Mombasa. In these two Cities, we have Secure vaults constructed to the highest International Standards expected of G4S Security Services Worldwide. At the moment, we are in charge of distributing Cash for Major Banks in the same way in Nairobi and we are just about to be awarded similar contracts in Mombasa. We handle this very sensitive assignment through our Cash distribution Centre along Mombasa road (You may wish, with prior appointment, to come and see for yourself what actually goes on in the Cash centre.)
Procedure.
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The Group provides ATM outsourcing services to financial institutions, retailers and independent ATM network providers. These services include:
This service involves the physical movement of cash and valuables, notes, coins or precious metals, by armoured vehicles on behalf of financial and retail customers. Globally, consumers continue to choose cash over any other method of payment and the Group will transport more than £300 billion in cash and process cash worth more than £25 billion each year in the UK alone.
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bank and retailer cash the make-up and delivery of cash to be dispensed by ATM machines ATM Outsourcing
We shall receive cash in Sealed Containers from your representative at Central Bank of Kenya just the way you do at the moment but instead of transporting the Cash to your Cash Centre for Storage and Distribution, we transport to the G4S Security Services Cash centre.
At the G4S Security Services Cash Centre, the cash boxes are opened under dual control while all incidences are recorded under CCTV. This is for control/ monitoring purposes. When any of your branches require Cash, we receive electronic coded messages on this requirement from your Cash Monitoring Unit. On receipt of the Electronic Coded Message, arrangements are made by our Cash Centre Manager for delivery to be made, strictly adhering to container limits and delivery requirements at all times. The funds, while enroute to G4S Security Services Vault from Central Bank of Kenya, are carried in specially prepared Cash In Transit Vehicle escorted by Administration police officers in escort vehicles and are covered under our ALL RISK Global Insurance Policy underwritten by a London Insurance Company through Marsh Insurance Brokers of UK. There are some occasions where some of your branches will hold excess cash over and above the branch vault limit. When this happens, we shall receive Electronic Coded Messages from your Cash Monitoring Unit for us to proceed, offload and transport to our vault for storage purposes. When the Bank Cash we are holding reaches the limits agreed between G4S Security Services and the Bank, we shall Repatriate the Cash to Central Bank of Kenya. Your Bank Cash monitoring unit will be informed about the Repatriation through Electronic Coded Messages. We maintain end of day balance certificate daily and also the Normal Control Ledgers. The system is in place for the other banks on board and is working on well. Your bank will have authority to conduct snap audit checks on your cash in G4S vault at any time. Service level agreement (SLA) shall be drawn and agreed upon between G4S Security Services and the Bank.
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At the G4S Cash centre, the cash boxes are opened under dual control while all incidences are recorded under CCTV. This is for control purposes. The funds, while enroute to G4S Vault, are carried in specially prepared cash in transit vehicle escorted by Administration police officers in escort car. Funds are covered under our ALL RISK Global Insurance Policy underwritten by a London Insurance Company through Marsh Insurance Brokers of UK. Before the end of banking day, we shall surrender to the bank vouchers showing the exact amount we are holding in Cash. Cheques are presented the same day. On the strength of the vouchers the bank will credit the customers account. We shall store the Cash until the bank directs us on where to deliver.
Applicable to banks in areas where we have securer centres. In areas where we don’t have cash centres we apply the milk run concept sold selectively
Bulk cash handling concepts
World-class solutions, local expertise
Under the Bulk Cash handling Concept, we shall be responsible in managing your Corporate Customers Cash under the procedure below: Procedure.
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We shall receive cash in sealedcontainers from your corporate customers. We can also count the cash at site although this is time consuming. Cash boxes arethen transported to G4S Cash centre.
G4S is the world’s second-largest security solutions provider with key operations in 100 countries across 6 continents. In Kenya, G4S has set the pace in security solutions for 37 years now, backed by a team of over 8,700 highly skilled professionals. G4S is the market leader in terms of capacity and professionalism in the cash services industry.