...• Max Reach Workflow Swift Workflow Express Local Collection CMS Collection Products CMS Procedure Services Correspondent Bank Client Acquisition Process Host to Host Connectivity CMS Structure Disbursement Customer Benefits Operational Constraint Need for CMS Branch Responsibility What is CMS 2. • In a geographically large country like India having a complex financial clearing system, corporate find it increasingly challenging to process collections CMS is the process of optimizing receivable and payables ensuring predictability in the cash flows of CMS clients.3. & Cash Management thus means getting funds in time, quick transfers, quick realization of local and outstation instruments, easy disbursements, accounts reconciliation, controlled processes and customized MIS.payments across dispersed business locations. • Difficulty in collecting data / MIS on the funds collected Increased borrowing and associated costs Uncertainty in cash flows Delays in cash realizations Complex clearing system Geographical spread of the country4. • Pooling of funds • Funds collected Assured Credit • Availability of cleared funds variable • Depends on type of cheque viz. Local/Outstation(Branch/Non branch) • Customer gets credit after fixed number of days once instruments are picked up, even if bank is not yet in funds5. & deposited in Central Account • Instruments picked up at various locations, sent to appropriate clearing houses, funds collected & ...
Words: 502 - Pages: 3
...Federal Bank Limited (NSE: FEDERALBNK, BSE: 500469, LSE: FEDS) is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. It is the fourth largest bank in India in terms of capital base.[1] As of 18 April 2013, Federal Bank has 1124 branches spread across 24 states in India and 1272 ATMs around the country (across 108 metro centres, 224 urban centres, 384 semi-urban locations and 87 rural areas). Federal Bank opened its 1000th branch at Muthoor, Thiruvalla in Kerala on 17 August 2012,[2] and is planning to hire 2000 professionals by September 2012.[3][4] The Bank would be the first Bank from Kerala to cross the milestone of 1000 branch network. Contents [hide] * 1 History * 2 Acquisitions and Mergers * 3 Sponsorships * 4 References * 5 External links ------------------------------------------------- History[edit] In the year 1931, Travancore Federal Bank was inaugurated at Pattamukkil Varattisseril at Nedumpuram, near Thiruvalla, Kerala. The 14 founders included Sri.Pattamukkil Varattisseril Oommen Varghese, his brothers Oommen Chacko, Oommen Kurian, Oommen George and also another person from Thiruvalla, Kavumbhagam Mundapallil Lukose, and others. Oommen Varghese was the Chairman and Oommen Chacko the Manager. After it had functioned for nearly 10 years, the bank's day to day transaction had to be stopped due to the ill-health of the Manager. Understanding this situation, a lawyer from Perumbavoor named Sri K.P...
Words: 672 - Pages: 3
... Anti-Drug Legislation Matrix Complete the matrix by selecting three states to add below Federal. Then, answer each question listed in the first row for each corresponding law. | |Is marijuana |What are the |What are the |What are the |What is the |Is there extreme | | |illegal? |penalties for |penalties for |penalties for |blood alcohol |DWI or DUI? If so,| | | |possession of |possession of heroin?|possession of |level for a |what is the | | | |cocaine? | |prescription drugs?|driving while |punishment? | | | | | | |intoxicated | | | | | | | |(DWI) or driving| | | | | | | |under the | | | | | | | |influence (DUI) | | | | | | | |crime? | | |Federal |No. |Title 21 1st |Title 21 1st |Title 21 1st |In the...
Words: 1169 - Pages: 5
...have potential to be promoted to a higher position. Many organizations promote from within their organization instead of hiring an outsider only because of their familiarity to the company’s operations. But internal promotions have their drawbacks and do not always end up benefitting the organization. Federal Companies is one of these companies who inform new candidates during the initial interview process that they offer internal promotions. However, there are multiple instances when they do not promote the right individual to a management position, which causes negativity not only in the department but causes distrust with their subordinates. Federal Companies is a moving company that is headquartered in East Peoria, Illinois. They have been in operation since 1913 as an agent for Allied Van Lines. They offer widespread services in residential relocation, international moving, office moving, warehousing and distribution, delivery services, and custom logistics solutions to data backup and record storage services to motorcycle transportation. They have multiple locations throughout Central Illinois, St. Louis, MO, Milwaukee, WI, and Chicago, IL (Federal). The Federal Companies corporate headquarters is where the marketing, accounting/finance, billing, human resources, executive management, and information technology departments are located. The key decisions regarding personnel and promotions are decided by the human resources manager and his or her superiors when a...
Words: 2669 - Pages: 11
...same. The inspectors and investigators both get paid $25.11 per hour. This pay was for the year of 2010. For their education and related occupation they both must have a high school diploma or equivalent and also have more than five years of experience. Both the inspectors and investigators work in the field and in an office. Inspectors in the field examine public buildings. In addition to the investigators surveying the scene where the fire had occurred. What the fire inspectors and the investigators do on their jobs. While the inspectors goes and inspects buildings and other kinds of structures such as arenas, shopping malls. They also search for things that can be a fire hazard and to ensure everyone that the federal, state, and local fire codes are met. They also make sure that all of the fire extinguishing equipment works correctly. That is if a family needs there fire extinguishing to put out a fire then they will have a working one to do so. However the fire investigators go in and determine the cause of the fires by searching the area and collecting evidence and taking photographs of the scene. Most fire inspectors, and investigators have had to work in a police or fire departments for their experience. I would like to say that fire inspectors and investigators will always be there to figure out what caused the fires and they will make sure that there are no hazardous things that will cause a fire when they go in and inspect...
Words: 308 - Pages: 2
...THE FEDERAL POLYTECHNIC, IDAH ADMISSIONS OFFICE ACADEMIC AFFAIRS (REGISTRY DEPARTMENT) REGISTRATION GUIDELINE FOR STUDENTS OF THE 2014/2015 ACADEMIC SESSION 1. The Admitted candidates are expected to visit the school portal www.fepoda.edu.ng enter their JAMB registration Number (for ND) and Admission Form Number (for HND) into the spaced provided to enable them print their Admission Letter and the Acceptance Letter. Candidate should go to any of the following banks to pay the sum N5,000.00 (non-refundable) as the acceptance fee. Bank UBA Zenith ECOBank Mainstreet Unyogba Account Number 1000499115 1012030663 5832002553 6000095228 1014400035 Account Name Federal Polytechnic Idah Federal Polytechnic Idah Federal Polytechnic Idah Federal Polytechnic Idah Federal Polytechnic Idah 2. Candidates should visit the Admissions Office for the Clearance Certificate and collection of undertaking form with the copies of the admission letter, the acceptance letter and the receipt fot the payment of the acceptance fee. 3. Candidates should go to their departments with their original documents for departmental screening. 4. Admitted candidates who are successful in the Departmental Screening can the go to any of the banks specified above for the payment of school fee.Then they are also expected to go to the Head of Students Accounts Office (Bursary) after payment with the bank teller and the receipt of the acceptance fee for documentation. 5. They should take the completed undertaking form to...
Words: 425 - Pages: 2
...Lesson 4 Call Money After reading this lesson, you will be conversant with: Participants and Purpose of Call Market Developments in Indian Call Market Role of Reserve Bank of India Call Markets in Other Countries Treasury Management: Theory and Practice Introduction The call money market is a part of the money market and refers to the overweight funds lent and borrowed, mostly by banks for daily liquidity management. Call/Notice money is an amount borrowed or lent for a very short period. If the period is more than one day and up to 14 days it is called „Notice Money‟, otherwise the amount is called „Call Money‟. Under call money market, funds are transacted on overnight basis and under notice money market, funds are transacted for the period between 2 days and 14 days. The call money market is most liquid of all short-term money market segments and it is also the most sensitive barometer measuring the liquidity conditions prevailing in financial markets. The call money is the money repayable on demand. The maturity period of call loans varies between 1 to 14 days. The money that is lent for one day in call money market is also known as „overnight money‟. The number of days is specified and the call money has to be repaid on the due date. The intimation for repayment enables the borrower to arrange the money on the due date and the duration of notice money is similar to that of call money i.e., up to 14 days. Therefore, the notice money is not seen in the market. The...
Words: 12806 - Pages: 52
...Week 2 Homework GM520. 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) Federal Register Volume 77, Number 205 (Tuesday, October 23, 2012). International Mailing Services: Proposed Product and Price Changes. My business utilizes The United States Postal Service for small shipments and packages.. The price increase in product and service for international mailing could heavily affect our business. Thirty percent of our products are ordered by foreign customers. For the whole online selling industry, we will lose a large revenue if the new regulation is passed and applied to both individual and business. 2. Describe the proposal/change. (10 points) The proposal will increase the cost of USPS mailing services including First-Class Mail International and extra services. The Postal Service proposes to adjust the price of various sections of Mailing Standards of United Stated Post Service. The proposal...
Words: 830 - Pages: 4
...Even though there is a race ethnicity towards HIV/AIDS patients there is still others that offer up the transmitted disease such as men having sex with men, heterosexual, and the injection drug. Age can define the importance of having the disease as well. Starting at the age of 13 and up until 50; there are still chances to get HIV but the chances decrease the older you get. Looking at this epidemic in different regions of the United States has many concerns over the cases that are from Southern compared to other states in the country (Jen Kates, 2014). Medicaid, Medicare, Ryan White, and others are consumers for HIV/AIDS patients. The number one leading federal funding for HIV/AIDS is the Medicaid. There are over 200 thousand patients with low income or disabled that qualify for Medicaid that have HIV/AIDS. The federal government provides over 27.1 billion dollars per year to aid the research and development in the prevention and cure. With all the new technology and funding from the government and other agencies, HIV/AIDS epidemic has seen significant decreases in the number of patients tested positive ("30 Years of Hiv/aids",...
Words: 374 - Pages: 2
.... CheckPoint: Hamilton’s Financial Program • Write a 150- to 200-word response answering the following questions: o What is the significance of Alexander Hamilton’s financial program? o How did Hamilton’s financial program play a role in the creation of a two-party political system? The significances of Alexander Hamilton’s financial program were to design to prop up the nation’s fiancés and ensure the continued financial strength. Hamilton’s two main goals were to: use the power of the federal government to make the United States both economically strong and independent of Europe, through national manufacturing and commerce; and to link the interests of America’s wealthy to the interests of the new government. Hamilton’s financial program played a huge role in the creation of a two-party political system bringing the states together under one central government bank through a new system and new taxes; Hamilton wanted the central government to pay the debts of the states from the Revolutionary War. Hamilton also wanted to strengthen the national bank and then had the bank called “the bank of the United States”. With Hamilton program there were people who did not like the economic programs Hamilton had developed and this led to the splitting of American politics into two major political parties: The Federalists party supported Hamilton financial program; and the opposition, called the Republicans...
Words: 251 - Pages: 2
...Revised medical criteria for evaluating mental disoders 1. I pick the Social Security Administration for this assgniment, it is a federal government agency. Am interested in the Revised medical criteria for evaluating mental disoders proposal due to the fact that the Social Security Administration affect the lives of most Americans and proposed changes will impact many citizens. The proposed regulation will not affect me or affect my business, because am into car retailing business and the proposed Social Security regulation does not have direct impact on the retailing business. 2. A proposal to revise the criteria impairment listings used to evaluate mental disorders in adults and children pursuant to Titles II and IVI of the Social Security Act. This proposal also includes removal of certain sections of the regulations and include them in other sections of the Social Security Administration regulations. The reason for the proposed changes is the result of adjudicative experience and advances in medical knowledge recommended in a commissioned report and comments from experts of the field and the public. 3. As an uncle to a child with a mental disorder and this child is also receiving Social Security benefits, I am in agreement with the proposed changes. The revision stating that the Social Security Administration will recognize non-physician sources, such as therapists and social workers will be helpful in assisting claimants in the future. As stated in the proposed...
Words: 638 - Pages: 3
...1. Introduction The relationship between the central government and local governments in China has always been an important issue. Many people believe that the public administration of big countries has a confusing problem that in the formal system, how the policies made by senior policymakers can be implemented by adaptive agents of middle and basic levels (Lin & Liu, 2000). China has the largest population in the world, the authoritarian system and the implementation gap in the field of policy increase the complexity of the problem. Since the end of 1980s, political reform took place under the leadership of Deng Xiaoping and Zhao Ziyang, a relatively free political environment existed, thus a nationwide debate of neo-authoritarianism occurred among government officials and intellectuals (Landry, 2008). The collapse of the former Soviet Union made Chinese people again worry about the weakness of central power, the intellectual field even began to doubt the long-term vitality of communist countries. Therefore, after the Tiananmen Square protests calmed down, Central government of China tightened its control over all provinces through restructuring the cadre appointment system (Brødsgaard, 2002). In this paper, the author will analyze how has the Central government asserted its control over the local governments since the 1990s, and make a critical evaluation of its effectiveness. 2. Central government’s policies on local governments since the 1990s 2.1 First stage: 1990-1993 ...
Words: 1724 - Pages: 7
...FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT ORGANIZATIONS NATIONAL ENDOWMENT FOR THE ARTS OFFICE OF INSPECTOR GENERAL SEPTEMBER 2008 Questions about this guide may be directed to the National Endowment for the Arts, Office of Inspector General, Room 601, 1100 Pennsylvania Avenue, NW, Washington, DC 20506, Telephone (202) 682-5402. Questions about the terms and conditions of grants and cooperative agreements may be directed to the Office of Grants and Contracts, Room 618, Telephone (202) 6825403. Table of Contents Page Use of the Guide .................................................................................................................................... 1 Accountability Requirements ................................................................................................................ 1 Financial Management Standards ............................................................................................. 1 Internal Control Standards ........................................................................................................ 2 Audit Standards ......................................................................................................................... 3 Reporting Standards .................................................................................................................. 4 Subgranting .............................................................................................................................
Words: 3186 - Pages: 13
...controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you, or the business in which you are working? If so, how? Federal Railroad administration controls the regulation. It interests me because this regulation would increase the safety of individuals. I feel really comfortable and safer since I utilize the rail transportation everyday. There were certain railroad incidents in the past, which cause the public to lose trust and doubt the capability of the railroad employees. Hopefully, the well-designed training program would have the potential to reduce risk in the railroad environment therefore; will reduce the frequency and severity of accidents. 2. Describe the proposal/change. Proposal emphasis on the training of the railroad employees perhaps which might reduce the frequency and severity of certain accidents. FRA is requiring that each employer of one or more safety-related railroad employees (whether the employer is a railroad, contractor, or subcontractor) train and qualify each such employee on the Federal railroad safety laws, regulations, and orders that the employee is required to comply with, as well as any relevant railroad rules and procedures promulgated to implement those Federal railroad safety laws, regulations, and orders. The final rule also requires that the training program developed by each employer be submitted to FRA for approval. FRA is proposing a holistic approach...
Words: 830 - Pages: 4
...answers. Question 1 Question : According to the federal regulations, research is eligible for exemption, if Your answer : The research falls into one of six categories of research activity described in the regulations. Correct Answer : The research falls into one of six categories of research activity described in the regulations. Comment : Research is only eligible for exemption if all the activity associated with the research fall into one of six categories of activities described in the federal regulations. The regulations do allow some research with children to be exempt (although institutional policy may not). The duration of the study and the experience of the investigator are not criteria for determining eligibility for exemption. Points Earned : 1 Question 2 Question : In addition to pregnant women, fetuses, and neonates, another subpart of the DHHS regulations provides additional protections for which of the following vulnerable populations? Your answer : Prisoners. Correct Answer : Prisoners. Comment : Prisoners are provided additional protections in the DHHS regulations. The DHHS regulations do not have specific additional protections for the elderly, for students, or for persons whose decision-making capabilities are impaired. Investigators may consider and the IRB may require additional safeguards for these populations. Points Earned : 1 Question 3 Question : According to federal regulations, the expedited review process may be...
Words: 283 - Pages: 2
