Centralization of treasury management 2010

Polak, Petr and Klusacek, Ivan. (2010) Centralization of treasury management 2010. Business Perspectives, p. 95.

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Abstract

The book consists of five parts: 1. Treasury management and its responsibilities (Chapter 1‐4); 2. Decentralized treasury (Chapter 5); 3. Different phases of the centralization (Chapter 6‐9); 4. Outsourcing (Chapter 10) 5. Regional treasury centres (Chapter 11); 6. Best practices in a bank (Chapter 12); In the first part, the author describes the treasury management focusing on its three core responsibilities, such as assets and liabilities management, cash management, and financial risk management. The second part zooms in on decentralized treasury and decisions about the appropriate degree of centralization/decentralization of the treasury activities. Then we focus on the different phases of the process of centralization, from central interest rate and foreign exchange management through centralization of cash and liquidity management, then transaction processing up to fully centralized treasury. In part four we continue by discussing outsourcing as the next stage following centralization to achieve additional economic benefits. The fifth part contains especially a number of the location criteria, both tax and non‐tax, that must be evaluated during consideration where to establish the regional treasury centre. The last part deals with banking best practices in cash pooling from the point of view of the author that works in one of the top banks in Central and Eastern Europe region.

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