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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Tenders are invited for Establish a concentration bank system to provide banking services for the Department of Mental Health.
Global Banking News-August 20, 2015--HSBC hired as RMB Concentration Bank for LME Clear
HSBC Bank Malaysia Bhd (LSE: HSBA) has been mandated as the sole offshore renminbi (RMB) concentration bank for LME Clear, a clearing house for the London Metal Exchange (LME) market.
The company uses one disbursement bank, Bank of America, which is also its concentration bank and the lead bank in its revolvers.
Companies using this structure need to monitor their positions in each individual country continuously and funds must be moved to the cash concentration bank well before the clearing cut-off time.
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