CXC Report on Banking and Cash Management in Saudi Arabia

The CXC Report on Banking and Cash Management in Saudi Arabia has now been published and is available here. The report is based on a detailed peer discission between corporate treasurers operating in Saudi Arabia and covers treasurers approaches and experiences with:

• Establishing Regional Headquarters (RHQs) in Saudi Arabia
• Transition from Offshore to Onshore Operations
• Currency Peg and Convertibility
• Cash Pooling Regulations and Providers
• Bank Service Levels and Relationship Challenges
• International vs. Local Banking Networks
• Cross-Border Pooling and Weekend Misalignment
• Onshore Sweeping and ZBA Structures
• Low Onshore Interest Rates and Islamic Finance Constraints
• Local Funding and Collateral Requirements
• Signatory Authority Restrictions
• Corporate Credit Card Limitations