Corporate Banking Services

Dominique Rambure and Alec Nacamuli

Chapter 13 in Payment Systems, 2008, pp 172-176 from Palgrave Macmillan

Abstract: Abstract How do the banks respond to the corporate requirements outlined in the previous chapter? Fundamentally, the bank acts as clearing and settlement agent for all payments initiated by its customers: salaries, taxes and benefits, domestic and cross-border accounts payables, crediting of receivables, etc. If the beneficiary’s account is with the same bank, settlement will take place ‘on us’ between the two accounts; if not, the payment will be sent to the appropriate clearing and settlement infrastructures, the bank becoming the first link in the settlement chain ending with the central bank.

Keywords: Central Bank; Large Corporation; Previous Chapter; Internet Banking; Payment Service (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-22721-7_13

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DOI: 10.1057/9780230227217_13

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