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Cash Management Service Program |
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ICBC follows the client-centered service philosophy, and tailor-make comprehensive cash management solutions for the clients by means of rich cash management products and advanced electronic instruments in close combination with the clients' internal management systems after profoundly learning about the clients' operation flow, management mode and capital flow characteristics to meet the demands of the clients for individualized cash management.
1. Group Service Program I
¡ñ This program can help a group realize real-time collection from its branches and exert effective control over the payment of the branches.
¡ñ Basic account structure: the head office sets a settlement account used for the settlement with its branches and other companies, and an agreement deposit account used for overnight investment; and separately establish ¡°income specialized accounts" and "expenditure accounts" of the branches.
¡ñ Collection: the intermediary bank periodically, initiatively transfers the funds from the "income specialized accounts" to the settlement account of the head office.
¡ñ Payment: a client's head office unitedly appropriates the funds from its settlement account to the "expenditure accounts" of the branches.
¡ñ Investment: transfer the funds pooled by the client in excess of the retain line at the end of a business day into the agreement deposit account and carry them back fully at the beginning of the next business day so as to improve the deposit yields. The client can also make other investments.
¡ñ The client's head office can initiatively collect the funds from the "income specialized accounts" of its branches through the E-bank at any moment, and exert remote inquiry and control on the accounts of the branches.
¡ñ Account management: help the client supervise the fund use of the "income specialized accounts" and the fund sources of the "expenditure accounts." The funds of the "income specialized accounts" can but be paid to the account designated by the head office, and the funds of the "expenditure accounts" can but be unitedly appropriated by the head office.
The flow chart is shown as follows:
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2. Group Service Program II
¡ñ This program can help the group unitedly manage its internal funds, reduce the fund redundancy of the whole group, reduce the cost of capital and increase the use efficiency of capital.
¡ñ Account structure: the group sets a summary account with overdraft functions; each branch sets zero-balance basic account with overdraft functions.
¡ñ Pool the funds in the accounts of each member unit at the end of business day into the summary account of the group.
¡ñ Carry the funds totally back to the account of each member unit from the summary account at the beginning of the next business day, without affecting the normal use of the member unit in the daytime.
¡ñ Provide overdraft within the overdraft buffer when the funds of the summary account fall short at the end of each business day.
¡ñ Any surplus of funds in the summary account will be turned into investment at the end of business day.
¡ñ It can provide account overdraft for each member unit within the buffer in the daytime, and any balance of overdraft at the end of business day will be settled with the summary account.
¡ñ Provide entrusted loan services whereby the head office can balance the fund surplus and deficiency between its internal member units.
The flow chart is shown as follows:
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3. Transnational Service Program
¡ñ This program can help the transnational corporations conduct remote control and operation on the accounts of their domestic companies, and include the cash management of the domestic companies into the unified platform.
¡ñ Program I: The group head office can make remote inquiry/payment on/from the accounts of its domestic companies through ICBC Internet banking.
¡ñ Program II: The group head office can submit the inquiry/payment instructions through its foreign account bank to ICBC, and thus realize the remote inquiry/ payment on/from the accounts of its domestic branches.
¡ñ At the same time, it provides high-quality cash management services for the domestic companies of the transnational corporation.
The flow chart is shown as follows: |
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4. Bank-enterprise Interlink Solution
Through private lines or Internet, ICBC e-Fortune Link Corporate Internet Banking establishes bank-enterprise interlinks with the clients' financial systems or ERP systems by which the clients can enjoy account inquiry, information download, account transfer/payment and other services directly through the interfaces of the financial systems or ERP systems, tailor-make more individualized functions in their financial systems at their discretions as required, and realize high automation of cash management. The characteristics of this program are:
¡ñ Bank-enterprise synchronous account information. The bank-enterprise link organically connects the enterprises' financial systems with the bank's business processing system, integrates the system resources of both parties, and provides real-time, accurate, all-round financial information support for the financial decision-making of the enterprises.
¡ñ Individualized services. Any enterprise can conduct free combination and control over the "atomic" functions provided by the bank through the financial software system as its own financial management requires, flexibly tailor-make internal authorization mechanisms, and thus owns its own proprietary bank.
¡ñ Simple operations and high efficiency. The financial personnel of the enterprise do not need to repeatedly type in any instruction data, but input all instructions in one go, and can finish the external payment and update financial system and financial information immediately after getting examined and authorized, simplify the procedures and facilitating the clients' use.
¡ñ Safety and reassurance. Besides adopting the same safety mechanism with Internet banking, it also add "Wrapper serial ID" field in all transactions, and "signature time" field in account transfer transactions so as to effectively prevent the risks of hacker attacks, repeated instruction submission etc.
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