In-house bank: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Add page reference to quote.) |
imported>Doug Williamson (Layout.) |
||
| Line 1: | Line 1: | ||
''Corporate treasury''. | |||
(IHB). | (IHB). | ||
In-house bank is a structural corporate treasury role where the central treasury acts as an internal banking facility for the group, all the subsidiaries dealing with the in-house bank. | In-house bank is a structural corporate treasury role where the central treasury acts as an internal banking facility for the group, all the subsidiaries dealing with the in-house bank. | ||
Revision as of 17:14, 4 October 2020
Corporate treasury.
(IHB).
In-house bank is a structural corporate treasury role where the central treasury acts as an internal banking facility for the group, all the subsidiaries dealing with the in-house bank.
This is a highly centralised arrangement, compared with advisory or agency treasury structures.
- Centralised treasury function
- "In simple terms, an in-house bank is a centralised treasury function that acts as a bank for an organisation’s subsidiaries. It facilitates various financial services, such as settlements, funding, intercompany lending, liquidity management and FX management and, in doing so, unlocks a host of benefits for the user."
- The Group Treasurer: An ACT guide to the first 100 days, page 29.
It is sometimes written 'in house' bank without the hyphen.
