The system makes it possible for the head office of a client company to manage the accounts of overseas subsidiaries. This enables smaller subsidiaries to specialize in marketing and other activities.
Using Mizuho Global CMS, the client's head office can manage a non-resident deposit account in the name of the head office. This makes it possible to change monetary settlements from the head office to foreign countries via in-country settlements. Using this service, settlements with subsidiaries in foreign countries can be made as transfers among accounts in the Bank's overseas branches and thus reduce remittance fees.
The Mizuho Global CMS is an indispensable tool for clients who have regional control companies in foreign countries. The Mizuho Global CMS system is useful even when regional control companies manage accounts directly under their control in foreign countries and when the head office manages the accounts of the overseas control centers.
