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Innovative Banking Services for Centralised Corporate Cash Management

Author

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  • Walter, György
  • Kenesei, Balázs

Abstract

Corporate cash management is a significant area of classic corporate finance theory and practice. Within a corporate group it is almost impossible to implement centralised cash management without the specialised service of corporate banks or other financial institutions. The objective of the article is to present the growing role of such transaction services within corporate banks’ organisations, and also to group and to analyse the continuously improving and developing “netting”, “cash pool” and “information pool” banking products. It is a clear conclusion, that these services represent one of the most innovative and dynamically developing product-groups of contemporary corporate banks that need to keep up with the globalisation and regional expansion of their clientele. Finally, we present the main risk and regulatory considerations of product implementation.

Suggested Citation

  • Walter, György & Kenesei, Balázs, 2015. "Innovative Banking Services for Centralised Corporate Cash Management," Public Finance Quarterly, Corvinus University of Budapest, vol. 60(3), pages 312-325.
    • Handle: RePEc:pfq:journl:v:60:y:2015:i:3:p:312-325
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    File URL: https://unipub.lib.uni-corvinus.hu/8834/
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    More about this item

    Keywords

    corporate cash management; banking transaction services; cash pool; corporate banking;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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