Which area is NOT a component of Treasury Management services?

Treasury Management services primarily focus on managing an organization's cash flow, liquidity, and risk. Cash management involves the collection, handling, and usage of cash, which is critical for companies to maintain their operational efficiency. Liquidity pertains to the availability of liquid assets to meet short-term obligations, ensuring that a company can maintain sufficient cash flow to support its business activities. Fraud prevention is also a crucial aspect of Treasury Management, as it involves implementing measures to protect against unauthorized access and fraudulent activities that could impact cash and finances.

Credit approval, while important in the broader context of financial services, does not directly relate to Treasury Management services. Instead, credit approval focuses on evaluating and deciding on extending credit to customers or clients. It centers on assessing creditworthiness rather than on managing cash flows or liquidity directly. Thus, it is distinctly separate from the core functions of Treasury Management, which are designed to optimize cash handling and ensure financial safety.