Problem: 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?
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
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.