Archive for February, 2009
Saturday, February 28th, 2009
Before netting. Even if each subsidiary does only one trade with each of the others, there are a total of 12 transactions. Each subsidiary sells in its own currency, so there are four entities managing foreign exchange exposure and paying foreign exchange commissions on the total ...
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Friday, February 27th, 2009
Cross-border Concentration
Cross-border concentration is used when notional pooling is not available or when the cash manager wants to consolidate the surplus positions in currency accounts. Because funds are concentrated into cash pools, there is often a confusion between notional pooling and concentration. Some banks use ...
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Thursday, February 26th, 2009
After risk management, liquidity management is one of the primary objectives of the international cash manager. Liquidity has to be addressed at both the local country level, as well as cross-border, in order to realize maximum efficiency of working capital. The following sections describe three of ...
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Thursday, February 26th, 2009
As young and dynamic people we need to get socialize and spread our network. We can go to party or join certain community, but with the innovation in information technology we can do that at home. We chat through our computer which is connected through online network by internet. It ...
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Wednesday, February 25th, 2009
The decision whether to hold centralized or decentralized accounts will depend on the following:
Volumes and amounts of individual currencies collected and disbursed
The cash manager's ability to measure, monitor, and manage both currency exposure and multiple overseas banking relationships
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Wednesday, February 25th, 2009
Chatting is not an act which is monopolized by the youths only. Why? Well, in fact, everybody has the same rights on having much more friends no matter how old he is. So this is then what has been tried to be offered by seniorchatcity.com website.
In this website, those who ...
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Tuesday, February 24th, 2009
In the past, in order to be able to initiate transfers, a company had to subscribe to the proprietary electronic banking platforms of all their banks. These multiple subscriptions were not always convenient and posed additional access-security risks for the company. The SWIFT MT 101 message (see ...
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Monday, February 23rd, 2009
Although companies have been managing their international cash flows for more than 20 years, it is only relatively recently that off-the-shelf cash management services have become widely available. Initially these products were offered only through the major global banks. However, smaller regional banks and third-party providers ...
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Sunday, February 22nd, 2009
Banks initiating wire transfers in foreign currencies will usually draw on the currency accounts (also called nostro accounts) established with their correspondent banks in the currency centers. If the correspondent bank has no direct relationship with the beneficiary bank, the instructions will pass through a chain of ...
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Saturday, February 21st, 2009
The only certainty in cross-border clearing and settlement is that delays will be involved. The underlying cause of these delays is that all currencies must eventually settle in their country of origin. U.S. dollar checks will settle through the U.S. payment system. If the check is drawn ...
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