Economics · Cash Management Regulations & Operational Aspects

Evaluate the following statements regarding Cash Management Services (CMS) in India: Statement 1: A CMS is a critical technological framework enabling corporate entities to manage daily liquidity by automating check collections and electronic bulk payments. Statement 2: One advantage of an advanced CMS is 'Lockbox Services', where the bank sets up a dedicated mailing address for the client to receive and quickly process payments. Statement 3: As per RBI guidelines, banks are permitted to offer 'Notional Pooling' across international borders for cross-border entities without seeking any specific approval under FEMA. Statement 4: The use of 'Virtual Accounts' in a CMS environment allows a company to segregate its receivables based on the source of payment without maintaining hundreds of actual physical current accounts. Which of the following evaluations is accurate?