The INDUSTRIA TEXTIL ZAR company, located in Madrid, has subsidiaries practically all over the world. Currently, the subsidiaries, established by countries of implementation, manage their own accounts as well as the management of the Treasury. Likewise, they have their own negotiation with Financial Entities, making use of those, for risk reasons imposed by the board of directors of the parent company, they have a better credit rating. The parent company currently has 40% of the Treasury management volume, given that it concentrates all the logistics of the rest of the group's subsidiaries in Spain. The Group's Financial Director decided to carry out an analysis on the possibility of carrying out cash-pooling between the main subsidiaries, which invoice in the same currency, specifically in euros. Analyzed the average balance of the p

Answer rating: 100% (QA)

Cashpooling is a technique used by companies to optimize the management of their liquidity It consis... View the full answer