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Global Treasury > Global Treasury > Flashcards

Global Treasury Flashcards

1
Q

Canada - Account held with BoA?

A

Yes, BOA/Merrill Lynch

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2
Q

Canada - Account held with integrated partner?

A

No - with BOA

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3
Q

Canada- Branch network for deposits which bank? (1)

A

TD Bank

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4
Q

Canada - Resident/Non Resident accounts allowed?

A

Both, resident and non-resident account

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5
Q

Resident/Non-Resident Definition

A

Resident - office in location, non-resident - no office in location

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6
Q

Canada - Branch Locations (4)

A

Toronto, Calgary, Vancouver, Montreal

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7
Q

How long have we been doing business in Canada?

A

Since 1981

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8
Q

Canada - Payment Capabilities (8)

A
  1. Account reconcilement
  2. checks
  3. commercial card
  4. ePayables
  5. Tax Payment
  6. Wire
  7. AFT
  8. Global wholesale banknotes
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9
Q

Canada - Lockbox

A

Check notes…

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10
Q

Canada - Receipt Capabilities (5)

A
  1. Lockbox
  2. Check Deposit
  3. ACH
  4. Returns reassociation
  5. Global wholesale banknotes
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11
Q

Global Wholesale Banknote

A

Cash business - over 140 currencies

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12
Q

Canada - Liquidity Capabilities (7)

A
  1. Single/Multi-entity notional pooling
  2. Interest bearing account
  3. Cross-regional cash con
  4. Multi-bank cash con
  5. Cash con - domestic
  6. ADT/ZBA
  7. Interest Optimization
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13
Q

Canada - Trade capabilities (9)

A
  1. Trade finance
  2. Open account finance/processing
  3. Documentary L/C and collection
  4. Standby L/C and guarantee collection
  5. Risk distribution
  6. Supply Chain Finance
  7. Structured trade finance
  8. Electronic trade platform for transaction initiation and reporting - trade pro
  9. commercial letter of processing
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14
Q

Canada - Global Custody and Escrow Services (3)

A
  1. Custody
  2. Escrow agent
  3. Issuing and paying agent
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15
Q

Custody

A

A custodial account is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is commonly used for petty cash, or for transactions that have very limited and clearly defined payees and transaction types. For example, law firm accounting includes trust accounts for disbursing funds entrusted to the law firm by each client for the client’s benefit.

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16
Q

Escrow

A

An escrow is: a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties, or an account established by a broker for holding funds on behalf of the broker’s principal or some other person until the consummation or termination of a transaction;[1] or, a trust account held in the borrower’s name to pay obligations such as property taxes and insurance premiums.

17
Q

Supply chain finance

A

Supply chain finance, also known as supplier finance or reverse factoring, is a set of solutions that optimizes cash flow by allowing businesses to lengthen their payment terms to their suppliers while providing the option for their large and SME suppliers to get paid early. This results in a win-win situation for the buyer and supplier. The buyer optimizes working capital, and the supplier generates additional operating cash flow, thus minimizing risk across the supply chain.

18
Q

Standby L/C

A

Standby letters of credit are often used in international trade transactions, such as the purchase of goods from another country. The seller will ask for a standby letter of credit, which can be cashed on demand if the buyer fails to make payment by the date specified in the contract. The cost to obtain a standby letter of credit is typically 1-8% of the face amount annually, but the letter can be canceled as soon as the terms of the contract have been met by the purchaser or borrower.

19
Q

Documentary L/C

A

A documentary letter of credit is an obligation of the bank that opens the letter of credit (the issuing bank) to pay the agreed amount to the seller on behalf of the buyer, upon receipt of the documents specified in the letter of credit. The letter of credit is opened by the bank on the basis of the buyer’s (importer’s) instructions, which are compiled in accordance with the terms of the contract. Both the importer and exporter should take into account that the letters of credit constitute a transaction separate from the purchase and sale agreement or other agreements on which they are based. The bank’s obligations under the letter of credit are set forth in the letter of credit itself, and the bank deals exclusively with documents, not with goods or services.

20
Q

In what European countries can you open BOA accounts? (9)

A

Belgium, France, Germany, Greece, Ireland, Italy, Netherlands, Spain, UK

21
Q

Documentary Letter of Credit Flow?

22
Q

Austria - Can you open an account with BOA?

23
Q

Austria - Can you have an account with an integrated partner?

24
Q

Austria - are resident and non-resident accounts permitted?

25
Q

Austria - Payment Capabilities (6)

A
  1. EUR Wire (Domestic and Int’l
  2. ACH/Sepa
  3. Payroll
  4. Commercial Card
  5. Tax
  6. Global Wholesale Banknotes
26
Q

Austria - Receipt Capabilities (5)

A
  • EUR Wire (domestic and int’l)
  • ACH/SEPA Credit
  • Direct Debit
  • Cheque and draft deposit
  • Global Wholesale Banknotes
27
Q

Austria - Liquidity Capabilities (2)

A
  • Physical cash con (domestic, cross border, multi-bank)
  • Time deposits in branches (Euro, USD, GBP)
28
Q

Austria - Trade Capabilities (3)

A
  • Export commercial L/C
  • Bank to bank reimbursement
  • Documentary collection
29
Q

Austria - Global Custody and Escrow Services (4)

A
  • Custody
  • Issuing and Paying Agent
  • Common depository
  • Escrow Agent
30
Q

SEPA Countries - (35)

A
  1. Andorra (2016)
  2. Austria
  3. Belgium
  4. Bulgaria
  5. Croatia
  6. Cyprus
  7. Czech Republic
  8. Denmark
  9. Estonia
  10. Finland
  11. France
  12. Germany
  13. Greece
  14. Hungary
  15. Iceland
  16. Ireland
  17. Italy
  18. Latvia
  19. Liechtenstein
  20. Lithuania
  21. Luxembourg
  22. Malta
  23. Monaco
  24. Netherlands
  25. Norway
  26. Poland
  27. Portugal
  28. Romania
  29. San Marino
  30. Slovakia
  31. Slovenia
  32. Spain
  33. Sweden
  34. Switzerland
  35. UK

Global Treasury (1 decks)

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