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Nigeria is one of the largest cash economies in the world. This places a lot of pressure on banks in terms of cash management, specifically in the areas of cost management and risk management. Within this context, Integrated Cash Management Services Limited (ICMS) provides services to assist the Nigerian banks in managing their risks within the cash supply chain.
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ICMS is the result of a 50% joint venture between XL Cash Management Services Ltd (XLCMS), a Nigerian CIT company, and SBV Services (Pty) Ltd.
Our core business is to manage the risk and cost inherent to the Nigerian cash supply chain by providing the following services:<br>
1. Moving of cash: Cash In Transit <br>
2. Holding of cash: Vault management / cost of funds <br>
3. Processing of cash: Sorting, processing, packing
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Backed up by SBV's expertise and portfolio of shareholders, ICMS works in collaboration with the banks to decrease costs and to mitigate risk. This is achieved by means of a holistic focus on the entire cash supply chain.
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