Acme Company
Not what you're looking for?
Can you help me get started with this assignment?
5-6 paragraphs
Details: The Acme Company is exploring many strategic options. Whichever global business strategy the Acme Company eventually chooses, the firm inevitably will require the services of a bank to help manage its working capital. Many major multinational banks provide a variety of working capital and multinational cash management services.
Here is a list of Acme's assumptions:
It will have subsidiaries in South America and Asia that import materials and parts and assemble for export.
It wants to centralize cash management.
It needs local lending sources for operating cash.
It needs short-term investment vehicles for excess cash balances.
It needs foreign exchange and forward market services.
It will have bills to pay in both local and other currencies.
Using the websites of a variety of these cross-border banks (starting with the banks listed below), search out the international banks that offer multinational cash management services that combine banking with foreign exchange management. Select one bank and describe how the services it offers will take care of Acme's international working capital management requirements. Be sure to demonstrate why you believe your choice is the best alternative among the banks you investigated (i.e., compare and contrast).
Bank of America
HSBC
Citibank
Purchase this Solution
Solution Summary
The response addresses the queries posted in 466 words with references.
Solution Preview
The response addresses the queries posted in 707 words with references.
//In the paper, Acme, a global organization is investigating the various global business strategies. The company requires a suitable bank that can render cash management and working capital services. The paper will discuss the various alternatives that the bank can opt for its future strategies. In the beginning, the various banks offering international cash management services will be enlisted. //
The banks that offer superlative services pertaining to international cash management services include J.P. Morgan, Bank of America, HSBC, Citibank, RBS, Standard Chartered and Deutsche Bank. All the aforesaid banks provide working capital and cash management services. Keeping in view the varied assumptions of the organization, the bank that could be opted by the organization to cater its operations in South America and Asia is HSBC.
//Further in the paper, how the chosen banking organization can prove to be of immense help to Acme will be illustrated.//
HSBC has a strong global presence and provides to its esteemed clients the facility of centralized cash management in U.S. and Asia. Thus, it fulfills one of the requirements of Acme ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Operations Management
This quiz tests a student's knowledge about Operations Management
Introduction to Finance
This quiz test introductory finance topics.