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
Accounting Exercise AVM 386 Fall 2014 Misty Mark, an infamous archer, decided to open an archery business called Bows and Biceps. The following is a list of transactions for Bows

1. Find the price of the following bonds. They are all risk-free, and the risk-free rate is 10%. (a) A fifteen-year zero coupon bond with face value $1,000. (b) A three year

Explain the meaning of Gross and Net Yield While gross yield refers to the yield realized by investor before paying taxes, net yield is what remains with him after paying th

If the winner’s prize increases at the same rate (8.43%), what will it be in 2041?

Example of Payback Period Method Suppose a project costs Sh.80,000 and will produce the following cash inflows as:                                  Cash inflows      Accumu

2 Questions QUESTION #1 LAPTOP SELECTION Jonna is in market to buy a new laptop. Six different machines are under consideration. All laptops are essentially the same, but they v

Fixed income security can be defined as the financial obligation of an entity (known as the issuer), which promises to pay a specified amount of money on a pre-sp

Consider the following capital market yielding 1% per year and a mutual fund consisting of 60% stocks and 40% bonds. expected return of stocks 9.75% per year and expected return on

Using the data provided in Appendix 1 prepare an analysis for the attention of the directors of Meridian Ltd. The analysis should highlight the strategic differences between the co

Parties include In Central Depository System 1. Government As like for the motive of attracting foreign supporting and investors the infrastructure of capital markets.