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Treasury function

Former userFormer user2y ago

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John MoffatJohn MoffatTutor2y ago#1
When decentralised then each company will have its own treasury function, whereas if centralised there is just one treasure function for the whole group. Centralised is generally regarded as being a better approach because (for example) they can pool together foreign currency dealings in the separate group companies and benefit from better exchange rates; also they can pool together the depositing of spare cash in individual companies and so potentially get better interest rates.
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