Commercial banks rethink their consulting role
Article Abstract:
Four leading providers of treasury management consulting services are profiled: (1) First Chicago, (2) Citibank, (3) Mellon, and (4) Wachovia. Of the four, First Chicago is typically named first and appears to be regarded as a leader in the field. Staff sizes, pricing, and services provided are described. All four banks emphasize objectivity in dealing with their clients. Services are fee-based and not affected by other relationships to the banks. The pool of treasury management consulting service providers appears to be growing, and 'Big Eight' accounting firms are portrayed as competitors, with banks still enjoying a favored position for consulting projects. Examples of treasury management consulting services are: treasury information studies, foreign exchange policy reviews, reinvoicing analyses, cost-benefit studies of electronic payments, and working capital management.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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The Fed clamps down on daylight overdrafts: the effects on treasurers
Article Abstract:
Electronic transfers of funds result in daylight overdraft positions for banks, such that the Federal Reserve System is in effect loaning $130 billion each day to banks. The caps instituted by the Federal Reserve to reduce this daily overdraft position are described and explained. The effect of the Federal Reserve caps on corporate treasurers and managerial accountants are also explained. Banks are no longer marketing their daylight overdraft caps or discussing them with corporate clients. The possibility of pricing daylight overdrafts and passing their benefit through to large corporate bank clients is also discussed as a potential Federal Reserve policy.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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LBOs frustrate credit managers but few cancel credit
Article Abstract:
Most credit managers do not have an effective policy concerning credit for good customers after leveraged buyouts (LBOs). Credit continues to be extended, although the balance sheets of LBOs are saturated with debt. The quality of accounts receivable tends to decline, but most credit managers are slow to withdraw credit from a big customer. The unsecured credit risk can be minimized by monitoring the debt-service record of LBOs. That information is the basis for management decision about withdrawal of credit.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1988
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