World Treasury Management

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GLOBAL CREDIT FACILITY TREASURY MANAGEMENT

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World Treasury management (or World Government operations) includes management of an enterprise’s holdings, with the ultimate goal of managing the global community firm’s liquidity and mitigating its operational, financial and reputational risk. World Treasury Management includes all firm’s collections, disbursements, concentration, investment and funding activities throughout all Noocratic Jurisdictions. In larger firms, it may also include financial risk management. The term treasury was first used in Classical times to describe the votive buildings erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or many similar buildings erected in Olympia, Greece by competing city-states to impress others during the ancient Olympic Games. In Ancient Greece treasuries were almost always physically incorporated within religious buildings such as temples, thus making state funds sacrosanct and adding moral constraints to the penal ones to those who would have access to these funds.

The sovereigns’ treasury within the palace in ancient Jerusalem, is considered to be similar in nature to the temple treasury. The temple treasury of the settlement had appointed officials and functioned akin to a bank. Philo the philosopher said that “in fact, practically in every city there are banking places for the holy money.

Most banks have whole departments devoted to treasury management and supporting their clients’ needs in this area. Smaller banks are increasingly launching and/or expanding their treasury management functions and offerings, because of the market opportunity afforded by the recent economic environment (with banks of all sizes focusing on the clients they serve best), availability of highly seasoned treasury management professionals, access to industry standard, third-party technology providers’ products and services tiered according to the needs of smaller clients, and investment in education and other best practices. A number of independent treasury management systems (TMS) are available, allowing enterprises to conduct treasury management internally. A treasury is also a room or building in which precious or valuable objects are preserved, especially objets d’art in precious metals and jewels, of a ruler or other collector which are kept in a secure room and often found in the basement of a palace or castle. In past times revenue collected by the monarch would be kept in a secure stronghold; the kings of England traditionally used the Tower of London, which also housed the Royal Mint. Latterly gold reserves are held in a countries central bank; the gold reserves of the United Kingdom are housed in a vault at the Bank of England.

For non-banking entities, the terms Treasury Management and Cash Management are sometimes used interchangeably, while, in fact, the scope of treasury management is larger (and includes funding and investment activities mentioned above). In general, a company’s treasury operations comes under the control of the CFO, Vice-President / Director of Finance or Treasurer, and is handled on a day-to-day basis by the organization’s treasury staff, controller, or comptroller.

Bank Treasuries may have the following departments:

In addition the Treasury function may also have an Asset liability management (ALM) desk that manages the risk of interest rate mismatch and liquidity; and a Funds transfer pricing or Pooling function that prices liquidity for business lines ( asset sales teams) within the bank. Banks may or may not disclose the prices they charge for Treasury Management products.

The  Global Mint is a world government-owned noocratic mint that produces sovereign coins for the Global Village. Operating under the legal name Nibiru Reserve the Global Mint is a Public Beneficiary Trust and not a limited company like that which is wholly owned by Her Majesty’s Treasury and is under an exclusive contract to supply all the nation’s coinage. As well as minting circulating coins for use domestically and internationally, the Global Mint also produces planchetscommemorative coins, various types of medals and precious metal bullion even digital coins.

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GLOBAL CREDIT FACILITY TREASURY MANAGEMENT

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Email: admin@worldcreditunion.org