Cash Management: Lockbox Services | Practical Law

Cash Management: Lockbox Services | Practical Law

This Note discusses lockboxes, describing how they work and how they can be beneficial in the circumstances where they are used. The Note describes common features of wholesale and retail lockboxes and examines the terms of agreements through which lockboxes are set up and operated. This Note also considers the role of lockboxes in a company's cash management system and how they are used in secured loan transactions.

Cash Management: Lockbox Services

Practical Law Practice Note 2-506-9757 (Approx. 9 pages)

Cash Management: Lockbox Services

by Practical Law Finance
MaintainedUSA (National/Federal)
This Note discusses lockboxes, describing how they work and how they can be beneficial in the circumstances where they are used. The Note describes common features of wholesale and retail lockboxes and examines the terms of agreements through which lockboxes are set up and operated. This Note also considers the role of lockboxes in a company's cash management system and how they are used in secured loan transactions.