Additional products offering that foreign bank could offer once CNAPS Research Paper

Additional products offering that foreign bank could offer once CNAPS has been implemented - Research Paper Example As with HVPS, BEPS caters to both in-city and cross-city transactions. Sending and receiving banks with direct membership in and connectivity to CNAPS will be able to process and receive inward collections in a real time and straight-through process. After the implementation of CNAPS, a foreign bank will be able to offer additional services that would be faster, and even offer real-time transactions. The bank may offer services in investments, though it may be hindered by limitations set by local regulations. Such services may include local currency contract saving, local currency or foreign currency call deposits,local or foreign currency time deposits, and treasury products like structure deposits. The bank may also offer in-city and cross-city local currency payments through CNAPS and alliance banks. In addition to that, in terms of receivables, the bank may offer shorter receivables collection cycles and provide information for reconciliation. This solution will allow customers to outsource their accounts receivable reconciliation and management to the