Concentration Banks

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Concentration Banks

A small number of large banks a firm contracts with to periodically collect the firm's deposit balances from a group of smaller banks.

Concentration Banks

A small group of large banks that a firm periodically asks to collect its deposits from a larger group of smaller banks.
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Global Banking News-August 20, 2015--HSBC hired as RMB Concentration Bank for LME Clear
The company uses one disbursement bank, Bank of America, which is also its concentration bank and the lead bank in its revolvers.
The challenges to integration are well known - the proliferation of EBPP channels, the application of new technologies to traditional lockbox operations, and the growing sophistication of the systems and platforms that connect companies and their concentration banks.
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