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America’s Corporate Cash Cushion

The Federal Reserve put out its quarterly  report  on fund flows today, which shows corporate balance sheets more or less flat at $1.845 trillion,compared to $1.847 trillion in the first quarter of 2010. Jonathan Cheng / Wall Street Journal


Shift from Letters of Credit to Open Account Using Electronic Supply Chain Management Tools

There has been a contraction in world trade. Importers/exporters are moving to open account, which limits bank involvement in trade to settlement. Letters of Credit is here to stay, despite the momentum of Open Account. SWIFT’s Trade Services Utility (TSU) enables banks to enhance existing services and develop new. Increased automation, lower costs, reduced risk,