- Home
- Report, Assignment, Case Study and Term Paper
- Cash Management of EXIM Bank Ltd. in Bangladesh (Part 3)
Cash Management of EXIM Bank Ltd. in Bangladesh (Part 3)
- By Super Admin
- Published 5 September 2008
- Report, Assignment, Case Study and Term Paper
-
Rating:
Exim Bank Ltd offers a comprehensive selection of Cash Management products and services to fit the needs of small businesses and corporate clients. From collections to disbursements and reporting services, we have the tools to help you manage your cash efficiently.
Collection and Deposit Gathering
Expedite collections and mobilize cash.
Meeting the Cash Management requirements of corporations requires end-to-end service and quality, combined with first class delivery.
From simple payment solutions to setting up a complicated cross-border sweep structure, our teams have the vision to engineer and deliver customized solutions to satisfy your individual needs.
Cash management solutions basically cover four key areas:
• Account Management
• Transaction Management
• Liquidity Management
• Delivery Management
Account Management Services
The first step in developing an efficient Cash Management solution is to identify an appropriate bank account structure to allow for optimum management of fund flows.
With the largest network in the Bangladesh and an extensive presence worldwide, you can count on our depth of knowledge and breadth of coverage to satisfy your specific needs.
In Bangladesh they provide:
• A flexible range of Accounts structured to meet your requirements
• A uniform banking platform throughout the region
• A single point of contact to ensure consistent and quick service
• Telephone and Electronic Banking access for up to date Account information
Cashier's orders: As this is a bank-issued payment instrument, the beneficiary's bank can credit the funds to the beneficiary's account on sight. Cashier's orders have a valid period of one month.
Local transfers: This is the most commonly used in-city payment instrument. Clients need to input the payment information on to transfer slips with authorised signatures. Preparation of local transfers can be outsourced to banks by simply sending payment instructions to banks via an electronic banking system. As with other payment instruments, payment information must be written in simplified Bangladesh, hence local language support for simplified Bangladesh is a must for a bank's electronic banking system.
Transaction Management Services
Their transaction management services provide you with flexible solutions to manage routine treasury tasks efficiently.
In Bangladesh offer:
• Automation of local and international payments
• Solutions for payments supplier and salary payments
• Interfaces with your accounting system for automated payments and reconciliation
• Automated opening and amendment of letters of credit
• SWIFT information, transactions and interfaces
Liquidity Management Services
Overall cash positions in multiple currencies can be managed effectively using our pooling and cash concentration capabilities.
Through advanced local and global network, ensure that your corporate accounts are positioned to optimize your cash resources.
It includes:
• National Pooling and Cash Concentration techniques
• Zero balance Accounts
• Automated investments for improved returns
• Online information about all your liquidity positions
Delivery Management Services
Access to various delivery channels is the key to obtain fast and efficient account information and making payments cost effective.
Their various delivery channels include:
Electronic Banking
Telephone Banking
Services Offered
Exim Bank Ltd services include:
? Safe custody
? Portfolio reporting
? Receipt and delivery
? Cash reporting
? Corporate action reporting
? Income collection
? Proxy service
? Foreign exchange services
Islamic Financial Services
EXIM Bank Ltd. the leading provider of value added Islamic Financial Products and Services to personal, institutional and private clients worldwide. They are compatible with the requirements of the Shariah Islamic law.
They also work closely with and, under the guidance of, Shariah Supervisory Committee of Islamic scholars that ensures Shariah compliance.
EXIM Bank Ltd offer a range of wealth management solutions for private clients through
• Securities Dealing Service
• Structured Yield Products
• Global Portfolio Service
• Financial Advisory
Most corporate treasurers cannot afford to spend time worrying about routine payments. EXIM Bank Ltd. in Bangladesh has the technology to put you in better control of routine operations and has been successfully handling payment requirements throughout the nation for its corporate clients. EXIM Bank Limited provide you with benefits, which include:
• Reduction in payment time.
• Centralization of control of payments.
As receivable management is crucial to your financial cycle, EXIM Bank Ltd have developed products for you to efficiently manage your requirements and reduce cost. The services and benefits include:
• Cost reduction through efficient fund management.
Comprehensive cash management services in an easy-to-use and highly secure system. This provides you timely and accurate account information and gives you total control over your finances.
Conclusion:
From the above discussion we have found that cash management system of an organization is very important. Without it the business entity can not perform very well. For a financial organization deposit is live blood and investment is its heart. So, the proper circulation of blood through heart no financial organization can do better.
Reference:
1. M Y Khan &P K Jain,Financial Management Page 18.1 to 18.26
2. Bolten, SE,Managerial Finance, Houghton Miffin Co.Boston,1976,p-388
3. Reading Materials Of Bangladesh Institute of Bank Management(BIBM)
4. Modules of EXIM Bank Ltd.
Collection and Deposit Gathering
Expedite collections and mobilize cash.
Meeting the Cash Management requirements of corporations requires end-to-end service and quality, combined with first class delivery.
From simple payment solutions to setting up a complicated cross-border sweep structure, our teams have the vision to engineer and deliver customized solutions to satisfy your individual needs.
Cash management solutions basically cover four key areas:
• Account Management
• Transaction Management
• Liquidity Management
• Delivery Management
Account Management Services
The first step in developing an efficient Cash Management solution is to identify an appropriate bank account structure to allow for optimum management of fund flows.
With the largest network in the Bangladesh and an extensive presence worldwide, you can count on our depth of knowledge and breadth of coverage to satisfy your specific needs.
In Bangladesh they provide:
• A flexible range of Accounts structured to meet your requirements
• A uniform banking platform throughout the region
• A single point of contact to ensure consistent and quick service
• Telephone and Electronic Banking access for up to date Account information
Cashier's orders: As this is a bank-issued payment instrument, the beneficiary's bank can credit the funds to the beneficiary's account on sight. Cashier's orders have a valid period of one month.
Local transfers: This is the most commonly used in-city payment instrument. Clients need to input the payment information on to transfer slips with authorised signatures. Preparation of local transfers can be outsourced to banks by simply sending payment instructions to banks via an electronic banking system. As with other payment instruments, payment information must be written in simplified Bangladesh, hence local language support for simplified Bangladesh is a must for a bank's electronic banking system.
Transaction Management Services
Their transaction management services provide you with flexible solutions to manage routine treasury tasks efficiently.
In Bangladesh offer:
• Automation of local and international payments
• Solutions for payments supplier and salary payments
• Interfaces with your accounting system for automated payments and reconciliation
• Automated opening and amendment of letters of credit
• SWIFT information, transactions and interfaces
Liquidity Management Services
Overall cash positions in multiple currencies can be managed effectively using our pooling and cash concentration capabilities.
Through advanced local and global network, ensure that your corporate accounts are positioned to optimize your cash resources.
It includes:
• National Pooling and Cash Concentration techniques
• Zero balance Accounts
• Automated investments for improved returns
• Online information about all your liquidity positions
Delivery Management Services
Access to various delivery channels is the key to obtain fast and efficient account information and making payments cost effective.
Their various delivery channels include:
Electronic Banking
Telephone Banking
Services Offered
Exim Bank Ltd services include:
? Safe custody
? Portfolio reporting
? Receipt and delivery
? Cash reporting
? Corporate action reporting
? Income collection
? Proxy service
? Foreign exchange services
Islamic Financial Services
EXIM Bank Ltd. the leading provider of value added Islamic Financial Products and Services to personal, institutional and private clients worldwide. They are compatible with the requirements of the Shariah Islamic law.
They also work closely with and, under the guidance of, Shariah Supervisory Committee of Islamic scholars that ensures Shariah compliance.
EXIM Bank Ltd offer a range of wealth management solutions for private clients through
• Securities Dealing Service
• Structured Yield Products
• Global Portfolio Service
• Financial Advisory
Most corporate treasurers cannot afford to spend time worrying about routine payments. EXIM Bank Ltd. in Bangladesh has the technology to put you in better control of routine operations and has been successfully handling payment requirements throughout the nation for its corporate clients. EXIM Bank Limited provide you with benefits, which include:
• Reduction in payment time.
• Centralization of control of payments.
As receivable management is crucial to your financial cycle, EXIM Bank Ltd have developed products for you to efficiently manage your requirements and reduce cost. The services and benefits include:
• Cost reduction through efficient fund management.
Comprehensive cash management services in an easy-to-use and highly secure system. This provides you timely and accurate account information and gives you total control over your finances.
Conclusion:
From the above discussion we have found that cash management system of an organization is very important. Without it the business entity can not perform very well. For a financial organization deposit is live blood and investment is its heart. So, the proper circulation of blood through heart no financial organization can do better.
Reference:
1. M Y Khan &P K Jain,Financial Management Page 18.1 to 18.26
2. Bolten, SE,Managerial Finance, Houghton Miffin Co.Boston,1976,p-388
3. Reading Materials Of Bangladesh Institute of Bank Management(BIBM)
4. Modules of EXIM Bank Ltd.
Spread The Word
Article Series
This article is part 3 of a 3 part series. Other articles in this series are shown below:
-
Cash Management of EXIM Bank Ltd. in Bangladesh (Part 3)
1 Response to "Cash Management of EXIM Bank Ltd. in Bangladesh (Part 3)" 
|
said this on 29 Dec 2011 4:40:29 AM CDT
Where r my admid
|
Author/Admin)