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Disbursement Systems

Disbursement Systems

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Published by Aditya

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Published by: Aditya on Jun 27, 2010
Copyright:Attribution Non-commercial

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10/25/2012

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Disbursement Systems
 
Disbursement system Include bank and thedelivery mechanisms and procedures firm use tofacilitate the movement of cash from firmscentralized cash pool to disbursement banksand then on to suppliers.
The concentration bank serves as the valvebetween firms collection systems, liquidityportfolio and disbursement banks
Disbursement banks are the banks on whichdisbursement banks are drawn.
 
A disbursement system may be morecomplex than a collection system in onesense:
M
anagement has to choose not only thedisbursement banks but also the cheque issuingpoints.
M
ore complex if some issuing bank issuecheques on disbursement bank 1 and some ondisbursement bank 2.

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