Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
The centralized group treasury management
Enzo MignarriMay 2018 - n. 5
Jel codes: G32, H25
The management of the treasury of many national and international business groups is centralized to monitor and optimize the use of financial resources and the related flows, thereby minimizing costs. A single legal entity manages liquidity through a shared bank account and transfers resources, by inter-company agreements and specific bank account contracts (cash pooling), from subsidiaries in excess to those in need of financing. The regulation of these agreements includes civil, accounting and fiscal specific aspects.
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