Question: SmithKline Beckman the healthcare products multinational now part of GlaxoSmithKline
SmithKline Beckman, the healthcare products multinational (now part of GlaxoSmithKline), has 105 affiliates worldwide. There is a great deal of intercompany sales, dividend flows, and fee and royalty payments. Each unit makes its intercompany credit, payments, and hedging decisions independently. What advantages might SKB realize from centralizing international cash management and foreign exchange management?
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