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SPECIALIZED BANK 9SERVICES
9.1 International Banking
9.2 Insurance and Brokerage 9.3 Cash Management 9.4 Trusts Slide 1 Lesson 9.1 INTERNATIONAL BANKING GOALS
Identify three types of financial institutions
engaged in international banking
Describe international services offered by banks Slide 2
STRUCTURE OF INTERNATIONAL SERVICES ⚫Foreign banks
⚫U.S.-based international banking
⚫Other types of international operations ⚫Special considerations
⚫Financial risk – hard to get reliable information
⚫Currency risk – Value of currency can fluctuate
⚫Country risk – political, social, legal and economic conditions Slide 3 INTERNATIONAL SERVICES ⚫Trade financing
⚫Letters of credit – Letter given by bank on behalf of buyer
⚫Drafts and wires – Similar to a check, order given from one party to another
⚫International collections -
⚫Foreign currency exchange – Must exchange money
to do business in another country Slide 4
INTERNATIONAL SERVICES - continued ⚫Trade consulting
⚫U.S. export-import (Ex-Im) bank
⚫Overseas private investment corporation (OPIC)
⚫Small business administration (SBA) Slide 5 Lesson 9.2 INSURANCE AND BROKERAGE GOALS
Explain the effects of the Gramm-Leach- Bliley Act of 1999
List typical insurance and brokerage
products available from financial institutions Slide 6 A NEW ERA
⚫The old world: Glass-Steagall Act: Response to the
Great Depression, Banks could not own brokerage firms. Banks
could no longer compete with other financial services
⚫The new world: Gramm-Leach-Bliley ACT
(GLBA) Banks could now could pursue insurance and
securities businesses. Consumers can prohibit sharing of private
information to third party. (opt-out)
⚫Limits and regulation: State laws concerning banks are
accountable to the nation. Prevents states from making laws
that can be detrimental to the interest of the nation Slide 7
PERSONAL INSURANCE PRODUCTS ⚫Auto insurance ⚫Credit insurance ⚫Disability insurance ⚫Life insurance ⚫Health insurance ⚫Homeowner’s insurance
⚫Mortgage disability insurance ⚫Title insurance Slide 8 BUSINESS INSURANCE ⚫Commercial liability ⚫Short-term disability ⚫Long-term disability ⚫Health insurance ⚫Officers’ liability ⚫Property ⚫Workers’ compensation Slide 9 BROKERAGE SERVICES
⚫Brokerage refers to bringing together parties
interested in making a transaction, such as
buying and selling shares of stock.
⚫A broker charges a fee to execute the transaction.
⚫Banks now offer full investment services. Slide 10 Lesson 9.3 CASH MANAGEMENT GOALS
Explain why banks are in a good position
to offer cash management services
List several cash management services banks perform for businesses Slide 11
SYSTEM IN PLACE FOR CASH MANAGEMENT
⚫Every business needs to disburse and collect
cash to complete business transactions.
⚫Banks are in a good position to provide cash
management services to businesses for a number of reasons. ⚫Experience ⚫Business knowledge ⚫Technology ⚫Industry expertise Slide 12 CASH MANAGEMENT ⚫Accounting services ⚫Bank collection services ⚫Information services ⚫Credit card services ⚫Capital services Slide 13 ACCOUNTING SERVICES
⚫Payroll: All functions of payroll are managed
⚫Accounts payable: Short term debt usually 60 days or less
⚫Accounts receivable: services or merchandise sold on credit collected by bank Slide 14
BANK COLLECTION SERVICES
⚫Deposit service: Customers can make deposits in various ways
⚫Lockbox service: Accounts receivable are deposited directly to bank
⚫Zero-balance accounts: Accounts are reconciled daily
⚫Automated Clearing House (ACH) Network: Highly
efficient electronic banking system Slide 15 INFORMATION SERVICES
⚫Electronic Data Interchange (EDI)
⚫Computer-to-computer exchange of business information
⚫Banks can advise and provide services Slide 16 CREDIT CARD SERVICES ⚫Credit card processing
⚫Stored-value card: Also known as smart card, Card itself
holds value with in magnetic strip ⚫Credit analysis Slide 17 CAPITAL SERVICES
⚫Capital investments: Expenses incurred for business use,
example: printing press, fleet of trucks
⚫Financing: Advise clients on how to keep debt-to-equity ratio low
⚫Factoring: Buying debt at a discount Slide 18 Lesson 9.4 TRUSTS GOALS
Explain what trust services are
Identify important types of trust services banks provide Slide 19
WHAT ARE TRUST SERVICES?
⚫A trust is an arrangement by which one party
holds property on behalf of another party for certain defined purposes.
⚫The donor, or settlor, is the person who creates a trust.
⚫The beneficiary is the person for whose benefit the property is held.
⚫Corpus, or res, refers to the property that is held. Slide 20