Bank relation with other institutions
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Banks have relationships and transactions with other financial institutions including other banks, sovereign bodies like central banks and government entities, information companies, insurance companies, bank-related companies, and outsourcing providers. These relationships involve money transfers, document exchanges, deposits, and information sharing. Banks work with clearing houses like the Central Bank of Egypt Clearing Room to facilitate payments and financial settlements between institutions. Key institutions that banks interact with include the Society for Worldwide Interbank Financial Telecommunication and Automated Clearing House.
Bank relation with other institutions
- 1. Banking BANK RELATION WITH OTHER INSTITUTIONS 1
- 2. Bank Relation with Other Institutions 2 Bank has relations / transactions with Other banks Sovereign bodies Information companies Insurance companies Bank-related companies Outsource providers : Money transfers, Documents Exchange, Deposits, Information exchange. : Central Bank, Governmental entities. : Digital information companies (e.g. I-Score), Market information units. : as client , as service provider. : e.g. Real-estate, Brokerage, Investment Banking, Factoring, Leasing. * Purpose of establishing a bank-related company: - Perform specific service. - Overcome a license limitation. : e.g. Call Center, Retail marketing, Business support services. Clearing houses : CBE Clearing Room, E-Finance, Plastic Money e.g. Visa & MasterCard.
- 3. Bank Relation with Other Financial Institutions 3 Payments & Financial settlement between the bank and the other institutions FIDepartment Role Study -100 +100 5000 - 100 4900 4000 + 100 4100 +100 Notification -100
- 4. Bank Relation with Other Financial Institutions 4
- 5. Bank Relation with Other Financial Institutions 5 Important institutions Society for Worldwide Interbank Financial Telecommunication Automated Clearing House http://www.egyptianbanks.com
- 6. 6 Thank you Ahmed MOUSTAPHA Manager Corporate Finance QNB ALAHLI Bank am.moustapha3@gmail.com