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.
Banking concentrated services - 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.
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.
Going global on a budget
"Euro balances are transferred to a cash concentration bank, then fed into the financial markets," Hollein explains.
Global liquidity management: new techniques and trends
Aside from account maintenance fees, a number of international charges are typically taken against analysis, including incoming wire payment fees for open account receipts; electronic balance and detailed reporting fees; outgoing wire fees which move collected funds to a concentration bank; and, depending on the bank, some other fees may be charged against analysis as well.
Controlling international banking fees: a primer for international credit and collection managers
One of the biggest concentration banks where Roma families were sent was Auschwitz-Birkenau.
Banska Bystrica Region commemorates Roma Holocaust after four years
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