Concentration banking, Finance Basics

Concentration Banking

Firms along with regional sales outlets can designate specific of these as regional collection centre. Customers during these areas are necessitated to remit their payments to these sales offices that deposit these receipts in local banks. So Funds in the local bank account in excess of a particular limit are then transferred or via wire to the firms concentration or main bank.Concentration banking decreases the amount of time such elapses among the customer's mailing of a payment and such the firm's receipt of that payment.

Posted Date: 2/1/2013 2:42:52 AM | Location : United States







Related Discussions:- Concentration banking, Assignment Help, Ask Question on Concentration banking, Get Answer, Expert's Help, Concentration banking Discussions

Write discussion on Concentration banking
Your posts are moderated
Related Questions
What is the one-year Treasury security rate of 1R1? For 1R3=11%, E(2r1)= 4% and E(3r1)=5%

Compare the three investments below in terms of their riskiness. What is the best way to evaluate the riskiness of an investment given the information you have on them?

What is the need for documents in international business? Substantiate your answer with suitable examples.

Limitations of Ratio Ratios have weaknesses as following like: 1. They avoid the size of the firm being compared as in cross-sectional analysis; the firm being compared m

Based on the example in Lesson 2, compute your quarterly interest for three years if you deposit $500 at 8 percent, compounded quarterly. Remember to divide the 8 percent by 4 to g

Advantages of Residual Theory 1. Saving on floatation costs No require to raise debt or equity capital as there is high retention of earnings that necessitates no floatat

Acceptance Rule of Payback Period or PBP By using PBP method a company such will accept all those ventures whose payback period is less than to set via the management and will

Foreign Trade Balance If the Government buys or imports much more than it sells or exports there will be a trade deficit such will require financing.The most important source

A bond that has $1000 face value and a contract interest rate of 11.4%. The bonds have a current value of $1124 and will mature in 10 years. The firms marginal tax rate is 34%. The

Percentage of Sales Method - Financial Forecasting This method includes expressing various balance sheet items such are directly concerned to sales as a percentage of sales.