What does the transaction banking department of a bank do?

Transaction banking refers to the banking services provided by commercial banks to corporate customers and for the purchase and sale and other transactions that occur in the daily production and operation process of the company, specifically including collection and payment services in the purchase and sales process and for Financing services for the trade process (including trade financing for the enterprise itself and financing for the enterprise's supply chain enterprises). The business of transaction banking generally refers to the package of financial services provided by commercial banks around customers' transaction behaviors. Its business scope mainly includes: payment settlement, cash management, trade financing, supply chain finance, custody, etc.

?The core of transaction banking is comprehensive 2B scenario financial services. The overall purpose is to explore the upstream and downstream derivative values ????along the core corporate transaction behavior. Only ten years ago, the value of the transaction chain was more The focus is on asset business, and now packaging has become the integrated development of scenario solutions, from finding customers with products to seizing scenarios to match products. Therefore, the transaction banking department mainly focuses on transaction products and is responsible for related work on transaction products, institutions, systems, markets, and customers.

1. Responsibilities of the Transaction Banking Department

In order to have a more concrete image, let us take a look at the transaction banking recruitment information of a certain bank

2. What are the domestic ones? Banks set up transaction banking departments?

Industrial and Commercial Bank of China, a major state-owned bank, established a transaction banking center, and Bank of China established a transaction banking department in 2018.

Joint-stock banks Bohai Bank, CITIC Banking, Ping An Bank, Minsheng Bank, and China Merchants Bank China Guangfa Bank has a transaction banking department under its corporate finance headquarters.