Corporate Banking – basic Requirement Of Large Corporations
The success of large corporations depends on a variety of factors. Generally proper planning, foresight, human resources and research are amongst the top most factors contributing to the consistent growth of a company. But in the current scenario with cut throat competition, changing or evolving technology, changes in requirements and needs of people or changes in business practices method for corporations to survive and continue their position, they need much more than just planning and execution.
Corporate banking is one such factor which goes a long way in helping the growth of a large corporation. It provides the comprehensive and complex sets that a large company requires in today’s business world.
Given the huge need for a proper accountable banking service by these large corporations, most top edges of the world have a separate dedicated operation which caters to the needs of companies that are quite different in requirements and extent as compared to an average small to medium enterprise.
Corporate banking requires a huge knowledge base and experience to service all requirements of commerce and industry. It includes a huge selection of commercial and transactional products and sets. Some of the typical products and sets include corporate funding or financing, bank guarantees, syndication sets, foreign exchange sets, investments, stocks, derivatives, comprehensive internet banking facilities etc.
Corporate lending, trade financing and commodity financing are also some important aspect of corporate banking:
Corporate lending: Big varieties of credit products are offered which includes revolving credit lines, term loans, and standby letters of credit and forex facilities. This sector also deals in arranging working capital lines, long term debt, acquisition finance, bridge financing and some other syndicated sets.
Trade financing: this sector of banking provides very powerful trade sets for the efficient movement of goods. This includes automated letter of credit system and documentary collection sets.
Commodity financing: this banking sector is considered “the boss” of the industry when it comes to financing trade flows for some agricultural products such as grain, cotton, coffee, sugar, cocoa and a variety of other commodities. Short term and mid term credit facility is also obtainable on going exchange related requirements.
From the corporate edges point of view, it is very basic to form teams to manager requirement of individual companies as personalized sets are the pre required for handling such operations. Also it goes well beyond simply providing banking products and sets to corporations. It involves lot of consulting and one on one interaction in addition. Consulting sets could be required on a range of issues like mergers and acquisitions, foreign trade, company liquidity etc.
The sets requires a team of highly skilled and highly pro active personnel who would be able to cater to all of the requirements of a corporate client, no matter how rare or difficult the requirement may be. Banking personnel should be able to pro actively find ways in which to complete the request of the client as it could make a lot of difference to the functioning and growth of the client’s business which is anyways the main reason they need specialized corporate banking sets.