CN: On the right track to payments harmonization

Canada’s largest railway set out to simplify its payments and improve reconciliation with enhanced remittance data, while also reducing IT support costs. The project will run parallel with the Canadian Payments Association’s (CPA’s) initiative to modernize the system and introduce ISO 20022 formats. So, following a thorough request for information (RFI) and request for proposal (RFP) process with the banks, the Canadian National Railway Company (CN) now has its future vision for bank connectivity and global-standard payments, as well as a multi-year roadmap to establish best practices.

Read More

LeasePlan Bank:

insights into flexible savings

Six years ago, LeasePlan decided to set up its own savings bank. In order to be able to follow an investment strategy that reflects the needs of a savings bank, it is important to have a good idea of customer saving behavior. LeasePlan Bank therefore decided to investigate the interest and liquidity typical terms of its savings.

Read More

Zanders Delivers CVA and DVA Service to Clients with FINCAD’s F3

Many of Zanders’ corporate clients do not have the knowledge, resources, or time to handle every facet of treasury and risk management, especially hedge accounting and valuation. To help clients meet their needs, we offer services including independent valuations, outsourced valuations, hedge effectiveness reporting, and counterparty pricing.

Read More

Philips’ new FX risk management policy

As a big Dutch multinational, Philips is certainly not immune to the risks of global exchange rates. Fluctuations between different currencies have a significant impact on the incomes and financial statements of this diversified technology company. Hedging currency risks is done at group level and for the Group Treasury this represents a drastic operation.

Read More

A new interest-rate risk framework for BNG Bank

In the Netherlands, the local government and institutions with a public interest are able to borrow from BNG Bank against low rates. The bank was set up specifically for this purpose and, as a result, the cost of public amenities for citizens is lower. Of course, a significant share of BNG’s balance sheet is sensitive to changes within financial markets, including developments in interest rate curves. For the bank it is therefore important to have an adequate interest rate risk framework.

Read More