Question 1: What are cross-border banks and how would I describe the international banks that offer multinational cash management services that combine banking with foreign exchange management?
Question 2: Select one bank and describe how the services it offers to take care of the firm's international working capital management requirements?
- Bank of America
- HSBC
- Citibank
Question 3: How would I demonstrate why this choice is the best alternative among the banks investigated (maybe compare and contrast)?
I would like help in understanding the firm's assumptions and which banks offer services in these areas:
-subsidiaries in South America and Asia that import materials and parts and assemble for export.
-centralize cash management.
-local lending sources for operating cash.
-short-term investment vehicles for excess cash balances.
-foreign exchange and forward market services.
-bills to pay in both local and other currencies.