This lesson explores the complexities of managing cash and treasury functions in a global environment, including foreign exchange and cross-border payment instruments.

7.1 International Payment Methods
The course covers various methods for settling international transactions, including letters of credit, documentary collections, and international wire transfers . It addresses the complexities of foreign exchange markets and transaction mechanics.

7.2 Optimising Global Cash Flow
Techniques for optimising global cash flow include centralising funds through cash concentration and notional pooling. The role of the in-house bank in multi-national corporations is also explored.

7.3 Bank Relationship Management (BRM)
Developing and maintaining strong relationships with banking partners is a key function of the treasury . This involves negotiation, selecting appropriate service providers, and managing the costs and risks associated with banking relationships.

7.4 Regulatory Considerations
Cross-border treasury operations must comply with complex regulatory environments, which are a key consideration in international cash management