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Guyana Treasury management systems help cash managers do which of the following?
I. Reduce borrowing expenses
II. Initiate transfers
III. Determine cash position
IV. Obtain account balances
The treasurer of XYZ Company reached out to its local banker for a $7MM line of credit. The banker is able to offer the facility for an all-in interest rate of 6% for a service fee of 45 basis points. Additionally, there is a commitment fee of 75 basis points for the unused portion. XYZ uses $5.5MM of the facility in the first year. What is the annual borrowing cost for XYZ (round to two decimal places)?
Which of the following options would be BEST suited for a firm that wishes to pay no premium?
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