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A CASH MANAGMENT SERVICES AND ITS IMPORTANCE
What is Cash Management Services (CMS) in banking?
Cash Management Services (CMS) refers to a suite of banking services designed to help corporates and businesses efficiently manage their cash flows, collections, and payments through optimized liquidity management.
What is the concept of 'cash pooling' in corporate treasury management?
Combining balances of multiple accounts into one master account.
What is the primary objective of Cash Management Services offered by banks?
The primary objective of CMS is to optimize the cash flow cycle of a business by accelerating collections, streamlining payments, and minimizing idle cash balances to improve overall liquidity.
What is a Bulk Payment System in Cash Management Services?
System to process large volumes of payments simultaneously in batches.
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