How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
How to activate Level Up Bonus?
Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.
Financial management has always been one of the most important aspects of every business model as it presents results of business health and progress. But how to build an ideal financial business model? How to control cash flows and determine which of the divisions and business lines of the enterprise generates the greatest cash flows? How to predict when and at what price it is most expedient to attract financial resources to ensure the required profitability of the company? How to understand what constant balance of funds is necessary to have to ensure solvency for current operations? What are the most effective investments?
Business owners are always on the lookout for a treasury management report that can assist them with managing their financial assets and holdings. Treasury management services can help streamline business finances by managing cash, investments, and other financial assets. So, what is treasury management exactly?
Definition of Treasury management
Treasury management is the planning, organizing, and controlling holding, funds, and working capital of the enterprise to make the best possible use of the funds, maintain the firm’s liquidity, reduce the overall cost of funds, and mitigate operational and financial risk. It covers working capital management, currency management, corporate finance, and financial risk management.
In other words, Treasury management is the management of all company’s financial operations including currency operations, cash flows, and various strategies of corporate finance.
The main goals of Treasury management
The main purpose of Treasury management is to make sure that the company will have enough free cash available during periods of cash outflow. Also, it contributes to the better usage of free cash on the balance of the company. In the other words, it means that a firm should not hold a large amount of money on its balance without using them. On the other hand, it should find new and the most effective ways of using money
Several functions of Treasury management are described below:
- Competent cash management, which means that the company has a well-designed collection and payment system.
- Liquidity management. An optimum level of liquidity should be maintained in the business. The company must be able to fulfill its financial obligations when they become due for payment, such as payment to suppliers, employees, creditors, etc.
- Optimum utilization of resources. Treasury Management also aims at ensuring the effective utilization of the firm’s resources, to reduce the operating costs and prevent liquidity shortage in the coming time.
- Risk Management: One of the primary objectives of Treasury management is to manage financial risk to allow the enterprise to meet its financial obligations, as they fall due and ensure the predictable performance of the business. It tends to identify, measure, analyze and manage risk to mitigate losses, that have the potential to affect the company’s profitability and growth in any way. Hence, Treasury management is accountable for all types of risk that can influence the business entity.
Benefits of Treasury management
Treasury management services provide businesses with several unique benefits. One of the biggest benefits is time efficiency. By implementing a Treasury management system, businesses can streamline the payment process and reduce the time spent on payment authorization and initiation. In addition, Treasury management allows for certain cost savings. With access to various tools and resources, businesses can immediately detect the cost of cross-bank transactions and take better control of other related fees. Having more control over these processes also takes some of the guesswork out of financial planning which reduces the likelihood of costly errors.
Treasury management is a key component of the competent conduct of any business. It helps head management to manage assets and find smart and profitable investment ideas. Moreover, it manages risks, which is the most important aspect for the successful existence of the company.
Just like a company manages its finance and risks, a trader needs to manage his/her own. A competent trader must understand that as any company tries to generate constant profit and avoid bankruptcy, he/she needs to build a system that will provide him/her with a permanent money flow with minimum risks. That’s why FBS provides traders with a huge amount of different trading instruments as the first thing which helps to minimize trading risks is portfolio diversification as well as money management.
2022-12-12 • Updated