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cash management

John O'Connell


One of the most important tasks of international finance associated with a multinational enterprise (MNE) is cash management. Cash management is essentially knowing what the cash needs are throughout the MNE, what the sources of cash are (parent and subsidiary operations, investment returns, borrowing, etc.), how to effectively access cash when needed, and how to most effectively use available cash when not needed in company operations. One of the problems with multinational operations is that delays or restrictions are often encountered when attempting to move cash out of certain countries. Also, the cost of moving cash between countries will normally involve fees and/or expenses not encountered with domestic cash movements. One of the challenges of international cash management is to get cash to where it is needed, when it is needed, with the fewest movements (therefore, the lowest transfer costs). See also coordination center ; multilateral netting ( 1991 ). Global Cash Management , 1st edn. New York : Harper Business . ( 1992 ). Multinational Business Finance , 6th edn. Reading, MA : Addison‐Wesley . ( 1991 ). First Steps in Treasury Management: Prime Cash , 2nd edn. Toronto : Treasury Management Association of Canada . ... log in or subscribe to read full text

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