While considerable work is still to be done for real-time global payments to become a reality, the importance of implementing real-time transactions is clear, and significant progress is already being made, with over 35 countries having now adopted – or transitioning to – some form of faster payment scheme.
The industry has created confusion by using the term ‘virtual accounts’ to describe a wide range of products. This article aims to demystify the terms being used to describe Virtual Account Management (VAM) or Virtual Ledgers, as well as assessing the capabilities available today and in the future.
Treasuries in the Infrastructure, Real Estate and Building Materials (IRB) sector operate against an extremely demanding backdrop. As HSBC explains,there are various ways in which leading IRB treasuries are successfully managing despite these conditions.
With over $150m flowing into Ingram Micro subsidiaries across the world on a daily basis, having centralised visibility and control over that cash is a must. A global notional cash pool allows the company the flexibility to move cash swiftly between different legal entities - and without cumbersome intercompany loans.