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Concentration banking

• A collection procedure in which payments are made to regionally dispersed collection centers, then deposited in local banks for quick clearing. Reduces collection float by shortening mail and clearing float.

 
 

Follow this link for all the terms related to ratio.

 
 Embedded terms in definition
 Clearing float
Clearing
Collection float
Float
Local
Shortening
 
 Related Terms
 Banking group
Cash concentration
Concentration account
Concentration services
Foreign banking market
Ibfs international banking facilities
International banking facility
Private banking
Wholesale mortgage banking

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