International Cash Management (2nd ed)

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Modern cash management has evolved beyond merely overseeing business cash flows and account balances. Today, a cash manager acts as a crucial partner to the treasurer, responsible not only for these core tasks but also for managing interest and foreign exchange risks, along with some corporate finance operations. This role includes significant support for the company's working capital management. The book outlines the responsibilities and position of the contemporary cash manager within an international company and discusses essential instruments for effective cash management. It addresses routine duties, such as daily account balance management and executing transactions in financial markets, while providing examples of various cash flow forecasts and relevant financial products. Additionally, it emphasizes the establishment of a robust cash management infrastructure, including international account structures, cash pools, payment and collection factories, and netting systems. The book also describes the cash manager's advisory role in managing working capital. It is aimed at (future) professionals in corporate treasury and banking sectors seeking practical insights, as well as students pursuing a comprehensive understanding of cash management within their business economics and administration studies.