Financial Supply Chain

Description

Commercial transactions result in exchange of goods. The reconciliation, however, takes place through transfer of money between the banks of buyer and seller. This process creates delays and leads to sub-optimization of the supply chain network. By integrating physical with the financial supply chain, enormous operational and working capital efficiencies would be generated. The book defines the concept of financial supply chain on the basis of existing practices and changes that are taking place at banks and businesses. There is an account of leading players and cases from real-life that illustrates the opportunities and benefits of financial supply chain services. The book also serves as a guide to banks and corporates to create services under the umbrella of financial supply chain. Finally, as money is closely linked to obligations and law - the book outlines the legal framework surrounding such offering from banks. Cover Contents Chapter 1 Introduction Background Introduction to Financial Supply Chain Historical Developments in Money and Banking Traditional Trade Business in Banks Standardization and Progress in Trade Services Conclusion Chapter 2 The Revolutionary Changes Inrotduction Changing Nature of Trade Transformation of the Physical Suppply chain Automation within and amongst Corporates Evolving Financial Services Chapter 3 e-Financial Supply chain-Banks Perspecitve What is at Stake for the Banks? Service Positioning of Banks Challenges Faced by the Banks The Way Ahead Chapter 4 Early Players in the e-Financial Supply Chain Introduction Players in the e-Financial Supply chain-Collaborative Space Other Collaborative Organizations for Standards Benefits of Collaborative Standards Players in the e-financial Supply chaing--Competitive Space Summary-Service Positioning of Vendors Players in e-Financial Supply Chaing--Banks Players in e-Financial Supply Chaing--Others Conclusion Chapter 5 Case Studies on e-Financial Supply Chain Introduction Benefits of the New Financial Supply Chain Services Services-Introduction Case 1: Advance Payments of Oyster Petroleum Dealers Case 2: Payments Guarantee for Orion Plastics Case 3: Dealer Acceptance of FMCG Co. Case 4: Delivery Orders for Warehouse Delivery Case 5: Invoice Presentment, Payment and Reconciliation Case 6: Collections for a Housing Finance society Case 7: e-Payments Exchange Finance-An Introduction Case 8: Dealer Finance to Support Sales Case 9: Vendor Finance for Procurement Support Case 10: Dealer Pre-Payments Case 11: Dealer Finance-Insured Case 12: Pre-Shipment Vendor finance to Support Procurement Cases of Business Process Outsourcing to Banks What Differentiates e-Financial Supply Chain Conclusion Chapter 6 Legal Aspects of e-Financial Supply Chain Background Contract Act Electronic Evidence Security Issue Relate to e-Commerce Electronic Commerce Law Negotiable Instruments Act Other Related Laws Law of Jurisdiction Challenges on Adoption of Laws Relating to Electronic Commerce Legal Cases ib Cyber Crimes Case 1: Cleveland, Ohio Man Sentenced to Prison for Bank fraud and Conspiracy Case 2: Shadowcrew Organiszation -'One-Stop [Online Marketplace for Identity Theft' Exhibit 1 Recollections of Pine Gulch, 1840-1890, taken from the Memoirs of Gus Mahler Exhibit 2 History and Importance of Banking Exhibit 3 Elements of Physical Supply Chain Exhibit 4 Admissibility of Electronic Records in Courts as in Indian Law Exhibit 5 UNIFI-ISO 90022-Sample Message Flows Customer Credit Transfer Initiation Exhibit 6 UNIFI-ISO-20022-Sample Message Definition Sample Message: Customer Credit Transfer Initiation Exhibit 7 UNCITRAL-Model Law on Electronic Commerce Exhibit 8 Countries that have Legislations Adopting Provision of Model Law on electronic Commerce Exhibit 9 Strucutre and Key Conditions of UCP 500, URC and ISP98 Exhibit 10 Key Considerations of e-UCP Exhibit 11 Table of Content-Obtaining electrnic Evidence in Criminal Investiations Reference Index