Trends in Banking：银行业的趋势.pptVIP

Current Topics Trends in Banking G K Chps. 16, 17 18 Financial Services Electronic Banking Global Bank Management Financial Services Cash management services Investment products Trust services Cash Management Services Cash concentration locates deposits for a firm into a single account. Zero balance accounts reduce firm’s bank account balance by transferring funds only when a bill is to be paid by the firm. Lock boxes are post office boxes of a firm for receiving payments. Banks empty the lock boxes and deposit for firms. Lock boxes are strategically located to speed collection times. Investment Products Annuities are purchased CF streams; Fixed, Variable Mutual funds to generate sales commissions and loads. Can be In-House products. Sweep accounts for temporary transfer of funds from non-interest bearing accounts into an investment account earning higher yields. Trust Services A legal entity that can hold and manage assets for one or more beneficiaries over time. A bank can act as an agent for the trustee to invest funds according to the directions of the trustee. A bank can handle employee benefit programs, personal trusts and estates, and corporate trusts. Employee benefit programs include profit sharing plans, defined benefit plans, and defined contribution plans (401K). Electronic Banking Visible vs. Behind-the-scenes New Services ATMs Debit Card Services Electronic Bill Paymt Electronic Banking Behind-the-Scenes Fedwire is a real-time gross settlements system processing checks in North America CHIPS is for international funds transfers of checks S.W.I.F.T. in Belgium is cooperatively owned by banks around the world. This system is used primarily for communications, and CHIPs and Fedwire handle payments transfers. CHECK 21 Electronic Banking Visible ATMs Point-Of-Sale (POS) and Debit Cards Electronic Bill Pymt and Regular Debits Internet Access; Accts, EFTs, Loans Stmts Electronic Banking Next Step: Electronic Money Stored value cards and smart cards