As the owner of a start-up business you meet with several banks offering them your needs and hearing from them their solutions as well as the pricing of each so that you eventually decide on picking one of them to be your main banker.

In summary, your current banking needs could be summarized as follows:

To avoid the hustle of meeting up your dues with utility providers individually, you need to have all bills related to electricity, land-line, mobile phones be settled at the bank. In addition, and to minimize the cash transactions at the company, you need to have the bank handle the payroll of your employees. As part of your working capital management and day- to-day transactions, you need a facility for your business in the form of an account that you would use to run your day-to-day operations. Since your main area of activity is project oriented, you need a source of comfort that would be granted by your bank to your customer(s) covering the fulfilment of all your contractual obligations towards him. Finally, and since you are expecting credit sales, you may need to obtain liquidity by selling the accounts receivables that you hold against your customers.

At a personal level, you are looking for a savings plan for your kids in the form of vestment plan including a life coverage option as well as a medium or a fund to invest some of your personal excess cash against which you would get a guaranteed return. In addition, you have a sum of money that you want to block at the bank on a monthly basis to earn some return without having to use a passbook in carrying transactions. Finally, concerned about the security conditions, you need to keep all your valuables at the bank.

Required:

Give the relevant 8 banking terminologies that best describe each of the above named needs in the table below.

Make sure to list them in the exact same order as they are stated in the case above.