From the March Special Report issue of Treasury & Risk magazine

Simplifying Global Account Structures for Payments and Collections

Corporates are increasingly recognizing the numerous benefits of channeling payments and/or collections through a single legal entity, making payments on-behalf-of (POBO) or collections on-behalf-of (COBO) multiple group entities. By leveraging a single legal entity, supported by an in-house bank (IHB), treasurers can rationalize their accounts and simplify cash management structures.

 

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