Request for Transfer WesMark Funds Form

Instructions and help about Request For Transfer WesMark Funds

if you work in the banking industry you might have heard of funds transfer pricing but you might not know what it means so here's how it works the ceo of a bank needs to be able to evaluate the different business units of that bank based on their profitability so you want to look at the profit of the residential mortgage division the profit of the credit card division commercial mortgages and so forth but here's the problem how do you evaluate each unit's profit when you have the treasury department managing the liability side of the balance sheet and therefore generating the interest expense for the bank and then you have the other units whether it be credit card residential mortgages and so forth that are managing the asset side of the balance sheet and therefore bringing in the interest revenue so you've got one department that's basically a cost center it's bringing in the interest expense and then you've got the other units that are basically a revenue center they're bringing in i