Title: Cash Management: Network Financial Services in the Digital Age

Author: Zhang Qiang

Publishing House: CITIC Publishing House

Publication date: 2009

Format: 16

Pricing: 58.00 yuan

Content introduction

Cash management is a digital and networked professional financial service provided by modern commercial banks to meet the needs of enterprise fund management. It is the sum total of technologies, means and methods to help enterprises realize the scientific management of cash inflow, retention and outflow. Judging from the products and services provided by commercial banks for cash management, withdrawal management includes humanized products such as account management, collection management, payment management, liquidity management, investment and financing management, and capital risk management, covering all banking channels such as traditional counters and online banking.

Editor's recommendation

Based on the analysis framework of cash management market, Cash Management gives a comprehensive and systematic introduction to cash management from the perspectives of providing cash management services-banks, service intermediaries of cash management-technical and non-technical service intermediaries, demand management of cash management services-enterprises, cash management environment-policies and regulations.

chapter one

Overview, mainly introduces the connotation, historical evolution and development status of cash management, deeply analyzes the concept of cash management, and gives a macro overview of the past and future of cash management.

chapter two

"Bank Cash Management Service" introduces the significance, organizational structure, service content, service channels and service processes of bank cash management in detail, probes into the evaluation indexes of the development of bank cash management business, and also introduces the specific situation of some Chinese and foreign commercial banks' cash management business.

chapter three

Cash management technical services, including basic cash management technologies such as data transmission, security authentication and data storage, cash management support systems such as payment and fund settlement systems, and cash management technology applications such as online banking, bank-enterprise direct connection and fund management systems.

chapter four

The application of cash management in enterprises introduces the value of cash management to enterprises, and then analyzes the organizational model, application stage, implementation process and application guarantee of cash management in depth according to the order of cash management in enterprises.

chapter five

Policies and regulations, from finance, foreign exchange, finance, taxation, accounting and other aspects. , sort out the policies and regulations related to cash management, and analyze the constraints and promotion of these policies on cash management.

Other abstracts

5. Structured deposits linked to the exchange rate Structured deposits linked to the exchange rate refer to enterprises signing structured deposit agreements with banks on the premise of bearing certain interest loss risks according to their own predictions of exchange rate fluctuations in a certain currency, in order to obtain a rate of return higher than the time deposit interest rate and strive to reduce the losses caused by exchange rate fluctuations.

Structured deposits linked to the exchange rate range are an exchange rate range agreed by enterprises and banks in advance. If a higher deposit interest rate is set in the fluctuation range, the deposit interest rate outside the range will be lower. Observe the reference exchange rate at a fixed time every working day. If the exchange rate is within the agreed range, the customer will get higher income at the pre-agreed interest rate that day. If the reference exchange rate is outside the agreed range, customers will get lower income that day.

Structured deposit linked to exchange rate is a combination of foreign currency time deposit and foreign exchange option. As a 100% guaranteed investment product, structured deposits linked to the exchange rate will have high interest income if the exchange rate forecast is accurate. If the exchange rate forecast is wrong, customers will lose interest.

Structured deposits linked to exchange rate are suitable for the company to believe that the fluctuation range of USD/JPY exchange rate will not exceed 4.5% above or below the reference exchange rate within one year, and the company is willing to bear the interest loss caused by exchange rate fluctuation in a certain quarter in order to obtain interest income that exceeds that of general deposits in the same period.

Exchange rate linked deposits have higher returns and flexible structural design. The term, exchange rate range, linked currency and linked exchange rate of each deposit are flexible and changeable, and banks can tailor them according to the needs of enterprises. The deposit period can be long or short, which realizes the balance between the profitability and liquidity of enterprises' funds, and enables enterprises to flexibly choose the corresponding currency according to the judgment of exchange rate trend and their own financial situation. (II) Interest rate risk management The interest rate risk of an enterprise refers to the fluctuation or uncertainty of the future income, assets or debt value faced by the enterprise due to interest rate fluctuation. In the environment of interest rate marketization, the change of interest rate makes enterprises face financing and investment risks, which is the main form of interest rate risk of enterprises. In addition, interest rate changes will also affect the operating cash flow and enterprise value of enterprises. In a word, companies can divide options into American options and European options. American option refers to an option that can be exercised any day before the expiration date; European option refers to the option that can only be exercised on the expiration date. Options can be divided into call options and put options according to the different rights granted to option buyers. Call option gives the option buyer the right to buy a certain amount of foreign exchange at the agreed exchange rate; Put option gives the option buyer the right to sell a certain amount of foreign exchange at the agreed exchange rate. The buying and selling of option contracts is actually a right. The buyer of a foreign exchange option contract has the right to decide whether to buy or sell a certain amount of foreign exchange at the price agreed in the contract. In order to obtain this right, the buyer of the option contract only needs to pay another fee. After the expiration, the buyer of the option contract has the right to decide whether to perform the contract according to the current exchange rate changes. If it fails to perform, the buyer of the foreign exchange option contract will only lose money.