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Global Cash Management Solution (Overseas Headquarters)

I. Company Background
A company has its headquarters outside China with subsidiaries or joint venture companies in many Chinese cities. The company wishes to monitor in real-time the accounts of the companies in China from overseas, and manages the aggregate cash in the accounts of subsidiaries in compliance with law.

II. Company Requirement
Company headquarters is responsible for global business management and treasury management for enquiry on the accounts of subsidiaries/joint venture companies and cash pooling.

III. Solution Design
Overall Thought
Company headquarters and ICBC work together on global cash management. ICBC splits and processes customer's different types of business instructions. One of ICBC overseas subsidiaries is the overseas administrating bank. The subsidiaries/joint venture companies in China open RMB or FX accounts in the local ICBC outlets.

Account Management
Company headquarters gets the balance, intra-day details and history details of accounts of the subsidiaries in China which have been included in the service range of global cash management.

Centralized Payment Management
Company headquarters makes centralized payments for all the related accounts, and effectively manages the external payment made by the subsidiaries/joint venture companies in China.

Fund Concentration Service
Company headquarters assigns a domestic ICBC account as the master account, sets up a cash pool in China for centralized treasury management.

IV. Result of Implementation
Through the comprehensive cash management service provided by ICBC, the company manages the accounts, payment and cash reserves from one location, improves the efficiency in the use of funds in China, streamlines the business process and reduces treasury cost.

Note: Information herein is for reference only. Refer to the announcements and regulations of local outlets for further details. ICBC reserves the final right of interpretation.

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