General Studies · Cash Management and Treasury
A large multinational corporation with decentralized operations across various locations in India is experiencing delays in accounts receivable processing due to physical mail transit time. The management considers a banking service that uses regional collection points where the bank collects and processes checks directly to reduce float. Which cash management solution is the company looking for?
- 1Zero Balance Account structure for automatic fund transfers
- 2Retail Lockbox System designed for low volume high value payments
- 3Wholesale Lockbox System designed for high volume low value payments
- 4Concentration Banking involving a network of regional branches✓
Correct answer
Concentration Banking involving a network of regional branches
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