fin630_db4

Apr 28th, 2015
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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.

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FIN630-DB4NameClassDateProfessorFIN630-DB4 In order for the Acme Corporation to be successful the global business strategy they will ultimately employ will need to include hiring a multinational bank to manage the companys working capital. The Acme Corporation requires the services of a major multinational bank in order to provide the organization with working capital and multinational cash management services. The HSBC Worldwide has the available resources to fulfill the Acme'sinternational working capital management requirements and aid in the ultimate success of the company when doing business in a foreign market. HSBC Worldwide has an international banking corporation that does business with countries across the globe and has banking locations in South Africa and Asia which would aid in Acmes goal to develop subsidiaries that import materials and parts and assemble for export. HSBC provides the company with case management experts that will assist Acme develop a payment system that meets their needs and aids the organization in controlling their cash flow (HSBC, 2012). HSBC has global payment capabilities as well as being able to c

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