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HSBC Launches Second Guide to Cash, Supply Chain and Treasury Management in the Middle East

Building on a proven track record of thought and knowledge leadership, HSBC Bank Middle East today launched its second Guide to Cash, Supply Chain and Treasury Management in the Middle East, covering emerging trends and best practices from across the cash management industry. The Guide has been published this year jointly with Saudi British Bank (SABB) , an HSBC Group entity.

In total, more than 4,000 copies of the Guide will be printed in 2009 and distributed to industry professionals regionally and globally. Providing thought leadership on cash and treasury management in the region, the Guide features articles by economists, regulators, corporate treasurers and experts in tax, foreign exchange, securities and information technology.

This year's guide also includes new sections like Corporate Connectivity and Market Trends, and covers a vast array of topics from Islamic Finance to Working Capital Management, focusing on the challenges faced by Corporate Treasurers in today's world.

Paul Edgar, Regional Manager, Global Transaction Banking, HSBC Bank Middle East said: 'Against the backdrop of the financial crisis and scare liquidity, the importance of professional treasury, cash and trade management is heightened. Corporates need to know where their money is and which of their customers have paid, while at the same time not stretching their own suppliers. Payments must be timely and accurate and companies cannot afford to have cash lying idle while credit lines are being cut or pricing increased. Risks are growing and treasurers have to react.'

'It is therefore of little surprise that there has been much interest in cash and risk management in recent months. It is timely that the Association of Corporate Treasurers is setting up a Middle East branch to facilitate the professionalisation of treasury functions. Payment infrastructure meanwhile continues to develop and improve across the Middle East,' Paul added

"The innovative cash management solutions outlined in HSBC 's Guide help businesses of all sizes drive down costs and improve returns, enjoy greater control of treasury and finance at regional and global levels, streamline payments processing, centralise risk management and improve cash flow. For anyone in the region looking to keep abreast of innovative solutions in cash management, the HSBC 's guide is essential reading." Paul concluded

Global Transaction Banking (GTB) is a Global Product group comprising of the core business of Payments and Cash Management, Trade and Securities Services. GTB provides product management, client services and specialised sales expertise around the globe for the Group's transaction focused propositions targeted at corporate clients.

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HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 36 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. In addition to the branch network the Bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE, and by its associated companies,The Saudi British Bank, British Arab Commercial Bank Limited, and HSBC Saudi Arabia Limited.

© Press Release 2009