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
How to calculate the present value of assignment??

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

what are the difference between receipt and payment account and income and expenditure account ?.

Mermaid Coffee Corporation (MCC) has 1,000,000 shares of stock currently trading at $42 per share. The company has issued 20,000 bonds, each with market value $928.59 and yield to

What are depository institutions? Depository institutions: intermediaries along with an important proportion of their funds derived through customer deposits as consists of: co

Comparison between Debt Finance and Ordinary Share Capital Differences between Debt Finance and Ordinary Share Capital as Equity Finance as   Ordina

Present Value of a Lump Sum - DCF Technique Generally an investor would want to know how much he or she would stop currently to get a provided amount in year 1, 2, ... n.  In

ROS - Return on Sales (Profit Margin) The Average of the industry ROS was 5.18% for 2004, 4.41% for 2005, and 7.20% for 2006. The chart showed that ROS has been declined f

Profitability Index or P.I. P.I. (benefit-cost ratio) = Present value of inflows / Present value of cash outlay Whether P.I. is greater than 1.0, invest and whereas less th

For this assignment you are acting as a financial analyst for Apple Inc. Apple Inc. Is one of the most innovative companies worldwide. For example, in November 2012 Apple sold 3 mi