Banking Policy

The following sample outlines a set of policies and procedures to ensure worldwide consistency in the area of banking. The company and its subsidiaries will conduct general banking with financial institutions that meet the specific guidelines outlined in the policy.

Procedures outlined in this sample include: roles and responsibilities of the corporate treasury department; banking relations; criteria to be used in bank evaluations; qualifications of financial institutions; opening a bank account; closing a bank account; and bank account review. This policy also outlines approvals and documentation regarding bank accounts, bank credit, wire transfers, and reporting.