Zanders Publications http://zanders.eu/en/publications Zanders is an independent firm with a track record of innovation and success across the total spectrum of Treasury and Finance. en Shift towards an American funding model http://zanders.eu/en/publications/article/shift-towards-an-american-funding- Early this year we published an article on the shift in Europe towards an American funding model. This American model points the way of funding for corporates in Europe. In the United States the most important elements of corporate funding are based on the debt capital markets and private placements, rather than on bank credit. Tue, 17 Apr 2012 11:33:50 +0200 http://zanders.eu/en/publications/article/shift-towards-an-american-funding- Public sector: getting to grips with credit ratings is worth it http://zanders.eu/en/publications/article/public-sector-getting-to-grips-with-credit-ratings-is-worth-it Credit ratings are becoming more common in the public sector. A credit rating is a report on the financial health of a company or institution. However, directors and finance managers often regard the rating process as a bit of a mystery. As far as Zanders consultants Charles Zondag and Hendrik Pons are concerned, it is certainly worth getting to grips with the dynamics of credit ratings. Thu, 05 Apr 2012 14:43:43 +0200 http://zanders.eu/en/publications/article/public-sector-getting-to-grips-with-credit-ratings-is-worth-it Foreign Exchange Management Small Companies – Big Risks? http://zanders.eu/en/publications/article/foreign-exchange-management Export companies are by definition focused on international markets. Despite the promise of increased revenues, exports inherently increase the exposure to currency and other financial markets. Recent events have clearly illustrated the huge impact of currency on price and, by extension, on the market. Regardless of the performance of the Swiss franc, one thing is certain – the past few months have been the most volatile in the history of the euro. Tue, 03 Apr 2012 14:39:50 +0200 http://zanders.eu/en/publications/article/foreign-exchange-management Media, Communications & New Tech industry in the spotlight Zanders advises and supports media businesses http://zanders.eu/en/publications/article/media-communications-new-tech-industry-in-the-spotlight The media landscape is changing faster than ever. The advancing digitalization means that companies must constantly consider their positions. Takeovers, fundraising and restructuring are the order of the day. Media, Communications & New Tech, a section in Zanders, specialized in supporting media businesses. Fri, 30 Mar 2012 14:34:00 +0200 http://zanders.eu/en/publications/article/media-communications-new-tech-industry-in-the-spotlight DOT and the rising cost of healthcare http://zanders.eu/en/publications/article/dot-and-the-rising-cost-of-healthcare Tue, 27 Mar 2012 13:53:34 +0200 http://zanders.eu/en/publications/article/dot-and-the-rising-cost-of-healthcare Three regional treasuries, three sets of requirements: one RFP How WPP managed its diverse regional needs to select a new TMS and a Swift connection http://zanders.eu/en/publications/article/three-regional-treasuries-three-sets-of-requirements-one-rfp WPP has treasury operations on three continents and each center has its own individual needs. The company needed to devise a request for proposals (RFP) for implementing a new treasury management system (TMS) and Swift-based bank communication that would serve the diverse needs of each regional offi ce. Zanders worked on this project from an early stage, helping WPP to write a cohesive RFP and providing objective advice at the selection stage. Fri, 23 Mar 2012 14:30:24 +0100 http://zanders.eu/en/publications/article/three-regional-treasuries-three-sets-of-requirements-one-rfp Seize the opportunities in regulatory reforms http://zanders.eu/en/publications/article/seize-the-opportunities-in-regulatory-reforms The details are still being hammered out on regulatory reforms but it is clear that the consequences for corporate treasuries will be substantial. However, regulatory changes provide a unique opportunity for treasurers to increase automation to facilitate compliance and improve internal processes. Wed, 21 Mar 2012 14:01:23 +0100 http://zanders.eu/en/publications/article/seize-the-opportunities-in-regulatory-reforms Reform in the OTC derivatives market http://zanders.eu/en/publications/article/reform-in-the-otc-derivatives-market In 2010, the European Commission (EC) made a number of proposals concerning reform in the over-the-counter (OTC) derivatives market. The EC is of the opinion that OTC derivatives contributed to the worldwide contagion of the crisis in the American housing market. The results of the reform should deliver a safer and more effi cient OTC market in order to reduce these systemic risks. Mon, 19 Mar 2012 13:46:53 +0100 http://zanders.eu/en/publications/article/reform-in-the-otc-derivatives-market Challenges to the recapitalization of European banks Implications for high risk/high yield banking activities http://zanders.eu/en/publications/article/challenges-to-the-recapitalization-of-european-banks The requirements to be introduced by Basel III will lead to higher capital ratios and adequate liquidity resources. They will make it necessary to adopt new strategies and innovative solutions to optimize balance sheets and sustain the profi tability of banks. As such, banks will be forced to reconsider their product off erings and funding strategies pushed by the policymakers’ urge to a recapitalization of the banking sector. Fri, 16 Mar 2012 13:56:21 +0100 http://zanders.eu/en/publications/article/challenges-to-the-recapitalization-of-european-banks FX Risk Management Framework http://zanders.eu/en/publications/article/fx-risk-management-framework Based on our years of experience in advising our clients on risk management, we are currently formalizing the Zanders FX Risk Management Framework. Thu, 23 Feb 2012 14:15:45 +0100 http://zanders.eu/en/publications/article/fx-risk-management-framework Developments in Corporate Lending http://zanders.eu/en/publications/article/developments-in-corporate-lending The financial media are full of buzzwords such as ‘Greek default’, ‘euro crisis’, ‘recession’, ‘liquidity shortage’, ‘Basel III’ and ‘credit crunch’. Thu, 23 Feb 2012 11:36:04 +0100 http://zanders.eu/en/publications/article/developments-in-corporate-lending Helping Hand Frank Hand - APG Asset Management http://zanders.eu/en/publications/article/frank-hand-apg-asset-management Frank Hand has been working in the financial world for more than 20 years. This risk specialist has been working for APG on behalf of Zanders Interim Services since October 2009 and has already worked on three fascinating risk-related projects. Tue, 07 Feb 2012 09:01:01 +0100 http://zanders.eu/en/publications/article/frank-hand-apg-asset-management Building schools in Nicaragua http://zanders.eu/en/publications/article/building-schools-in-nicaragua Fri, 03 Feb 2012 13:47:44 +0100 http://zanders.eu/en/publications/article/building-schools-in-nicaragua Baby Boom of Baby Gloom? http://zanders.eu/en/publications/article/baby-boom The man who makes my fishing poles wants to transfer his business. The company has been operating for more than 80 years. Many years ago it passed from father to son. Now it’s time for the son to start enjoying a well-earned retirement. The problem is, there is no successor in the family, and a sale within the industry or to an investment company or a listed company is not an option either. Fri, 03 Feb 2012 08:36:08 +0100 http://zanders.eu/en/publications/article/baby-boom LED it shine! http://zanders.eu/en/publications/article/led-it-shine we also encounter situations in which the optimal financing doesn’t yet exist, or is not yet possible. And yet, the business case could be financed. Thu, 02 Feb 2012 11:00:01 +0100 http://zanders.eu/en/publications/article/led-it-shine Themasoft is ready for the next step Zanders supervises sale of software house to IT entrepreneur http://zanders.eu/en/publications/article/themasoft-is-ready-for-the-next-step Zanders supervises sale of software house to IT entrepreneur Tue, 31 Jan 2012 15:08:53 +0100 http://zanders.eu/en/publications/article/themasoft-is-ready-for-the-next-step Zanders gets a skybox in Galgenwaard stadium http://zanders.eu/en/publications/article/zanders-gets-a-skybox At Zanders we have a weakness for football. Team work, tactics, audacity and endurance are all characteristics we admire: in short, we love the beautiful game. Our passion for football has been made apparent in the past in our annual successful table football tournaments. However, table football lacks the smell of grass and the cheering of 24,500 people. That is why Zanders recently took a skybox in Galgenwaard stadium, the home base of FC Utrecht. Mon, 30 Jan 2012 08:42:16 +0100 http://zanders.eu/en/publications/article/zanders-gets-a-skybox The straddle a tool in volatile markets Speculating on the rise – and fall – of security prices http://zanders.eu/en/publications/article/the-straddle-a-tool-in-volatile-markets Put and call options are quite well known among a large crowd. The ‘straddle’ however, is less familiar to the general public. It became famous after its (mis)use by Nick Leeson, which caused the bankruptcy of Barings Bank in 1995. In this article the structure of a straddle is discussed, as well as the opportunities and dangers of this product. Wed, 25 Jan 2012 08:47:28 +0100 http://zanders.eu/en/publications/article/the-straddle-a-tool-in-volatile-markets The search is on Zanders is growing. http://zanders.eu/en/publications/article/the-search-is-on Zanders is growing. There are now 140 people serving clients from Zanders offi ces in London, Brussels, Zurich and Bussum. Zanders’ ambition for substantial growth over the next fi ve years requires the professional and structured recruitment and selection of professionals. That is why Liza Wyatt joined Zanders as corporate recruiter this February. Mon, 23 Jan 2012 08:28:49 +0100 http://zanders.eu/en/publications/article/the-search-is-on Responsible fund investment starts with clever risk management http://zanders.eu/en/publications/article/responsible-fund-investment-starts-with-clever-risk-management Fund investment carries specifi c risks for insurers and pension funds. Good fund investment therefore starts with intelligent risk management. Consultant Martijn de Groot shows how, with the help of benchmarks and fund mapping, you can clearly chart the risks involved in an investment portfolio of funds. Thu, 19 Jan 2012 16:01:01 +0100 http://zanders.eu/en/publications/article/responsible-fund-investment-starts-with-clever-risk-management Zanders Risk Management Seminar 2011 Navigation between market and regulations http://zanders.eu/en/publications/article/zanders-risicomanagement-seminar-2011 Zanders Risk Management Seminar 2011 Thu, 12 Jan 2012 13:25:20 +0100 http://zanders.eu/en/publications/article/zanders-risicomanagement-seminar-2011 First Green Capital invests in Germany's green energy http://zanders.eu/en/publications/article/first-green-capital-invests-in-germans-green-energy Thu, 22 Dec 2011 14:45:57 +0100 http://zanders.eu/en/publications/article/first-green-capital-invests-in-germans-green-energy http://zanders.eu/en/publications/article/credit-rating-voor-alle-individuele-woningcorporaties-hype-of-redding Mon, 05 Dec 2011 11:30:04 +0100 http://zanders.eu/en/publications/article/credit-rating-voor-alle-individuele-woningcorporaties-hype-of-redding Roparun 2011 Walking, lying, sitting, eating and drinking http://zanders.eu/en/publications/article/roparun-2011 The longest non-stop relay race in the world started in Parc la Courneuve in Paris on Saturday 11 June 2011: the Roparun. The Roparun was held for the 20th time this year. A total of 275 teams took part, running 521 kilometers from Paris to Rotterdam to collect money for the good causes that provide care to people suff ering from cancer. The very fi rst runner to start in Paris was consultant Fargo Hilberts. This year was the second time Zanders (team 21) participated in this special event. Wed, 30 Nov 2011 09:47:48 +0100 http://zanders.eu/en/publications/article/roparun-2011 http://zanders.eu/en/publications/article/corporaties-de-kurk-van-de-woningbouwsector Tue, 29 Nov 2011 13:35:30 +0100 http://zanders.eu/en/publications/article/corporaties-de-kurk-van-de-woningbouwsector http://zanders.eu/en/publications/article/stijgende-kosten-maar-opportunities-in-de-rente Tue, 29 Nov 2011 13:15:44 +0100 http://zanders.eu/en/publications/article/stijgende-kosten-maar-opportunities-in-de-rente http://zanders.eu/en/publications/article/financiering-van-de-zorgsector Mon, 28 Nov 2011 15:49:46 +0100 http://zanders.eu/en/publications/article/financiering-van-de-zorgsector http://zanders.eu/en/publications/article/cash-in-cash-out-prognoses-is-een-must Mon, 28 Nov 2011 15:27:41 +0100 http://zanders.eu/en/publications/article/cash-in-cash-out-prognoses-is-een-must Building care accomodation in turbulent times http://zanders.eu/en/publications/article/building-care-accomodation On my return from vacation I found that the new policy rules had been published for care under the Exceptional Medical Expenses Act - as Marlies Veldhuijzen van Zanten, the Netherlands’ State Secretary for Health, Welfare and Sport, had indeed previously announced in June. With due regard for a transition period, as of 2012 the capital taxes of intramural institutions will become dependent on the production of the care institutions. This will result in higher risks to these institutions, including interest Mon, 28 Nov 2011 09:32:33 +0100 http://zanders.eu/en/publications/article/building-care-accomodation Mañana, ahora, eso ISO SEPA as lever for supply chain financing http://zanders.eu/en/publications/article/manana-ahora-eso-iso The Single Euro Payments Area (SEPA), as a subset of the ISO 20022 XML standard, promised companies standardization and effi ciency across the eurozone and non-euro countries that have accepted the SEPA standard (e.g. Denmark and Switzerland). SEPA adoption however falls far behind expectations. Shifted priorities due to the 2008 credit crisis and the fact that some popular local payment products have been kept outside the SEPA scheme are often cited as the culprits. Thu, 24 Nov 2011 09:20:13 +0100 http://zanders.eu/en/publications/article/manana-ahora-eso-iso An overview of Hedge Accounting http://zanders.eu/en/publications/article/an-overview-of-hedge-accounting Derivatives are often used to mitigate or offset risks (such as interest or currency risk) that arise from corporate activities. Thu, 17 Nov 2011 16:28:57 +0100 http://zanders.eu/en/publications/article/an-overview-of-hedge-accounting Countertrade: a new perspective for an old practice? http://zanders.eu/en/publications/article/countertrade-a-new-perspective-for-an-old-practice Countertrade, including innovative forms of barter, potentially offers another methodology to manage and mitigate financial risks. Thu, 17 Nov 2011 14:34:51 +0100 http://zanders.eu/en/publications/article/countertrade-a-new-perspective-for-an-old-practice EAGLE Dinner Seminar a comprehensive view on the assessment of counterparty risk http://zanders.eu/en/publications/article/eagle-dinner-seminar-a-comprehensive-view-on-the-assessment-of-counterparty On Thursday, 3 November, the first EAGLE Dinner Seminar - organized by Zanders and Bureau van Dijk - took place in Breukelen. This event was specifically organized for CFOs and CROs of large corporations and credit risk managers of multinational corporates. The event was a successful combination of presentations and shared experiences with colleagues in different industries. Thu, 17 Nov 2011 14:21:54 +0100 http://zanders.eu/en/publications/article/eagle-dinner-seminar-a-comprehensive-view-on-the-assessment-of-counterparty Financial professionals 'get-up, get into it and get involved' at the AFP conference, Boston http://zanders.eu/en/publications/article/financial-professionals-get-up-get-into-it-and-get-involved-at-the-afp This year’s Association for Financial Professionals (AFP) conference was held in the city of Boston, US, home to stars such as Ben Affleck and Matt Damon, and famous for the Boston Tea Party. Thu, 17 Nov 2011 13:16:42 +0100 http://zanders.eu/en/publications/article/financial-professionals-get-up-get-into-it-and-get-involved-at-the-afp The illusion of control http://zanders.eu/en/publications/article/the-illusion-of-control The cult 1970s writer Douglas Adams managed to reduce the meaning of ‘Life, the Universe and Everything’ to the banality of a two-digit number (42, in case you’re wondering), leaving the characters in The Hitchhiker’s Guide to the Galaxy baffled to say the very least. Thu, 20 Oct 2011 08:51:45 +0200 http://zanders.eu/en/publications/article/the-illusion-of-control Treasury banking and the best interest of the tax payer http://zanders.eu/en/publications/article/treasury-banking Treasury banking for government bodies has been a much-debated topic ever since the idea was launched some 12 years ago. In many cases the spotlight has been shone – by both proponents and adversaries of the concept – on the relationship between public sector clients and commercial banks. Tue, 18 Oct 2011 08:28:47 +0200 http://zanders.eu/en/publications/article/treasury-banking Hedge accounting The last episode of the IFRS 9 trilogy http://zanders.eu/en/publications/article/hedge-accounting The IASB (International Accounting Standards Board) released its long awaited Exposure Draft (ED) on Hedge Accounting in December 2010, being the last stage of the IFRS 9 trilogy reform program to replace IAS 39. The Board is still deliberating specific hedge accounting elements like macro and portfolio hedging, which will be addressed in a later installment. Fri, 14 Oct 2011 08:22:11 +0200 http://zanders.eu/en/publications/article/hedge-accounting The Franc Zone and its bigger, younger brother http://zanders.eu/en/publications/article/the-franc-zone The turbulent past of the Franc Zone’s members and the economic differences between them have not succeeded in breaking up the Franc Zone, a group of 14 central and west African countries using the two CFA franc currencies linked to the euro. Tue, 11 Oct 2011 08:12:27 +0200 http://zanders.eu/en/publications/article/the-franc-zone Basel III is forcing banks to innovate New liquidity requirements demand both stable financing and attractive products http://zanders.eu/en/publications/article/basel-iii-forces-banks-to-innovate The financial crisis emphasizes the capital and liquidity risks in the financial world. The new Basel III framework was published in December 2010 in order to control these risks better. While Basel II is focused chiefly on counterbalancing losses by capital buffers, Basel III goes a step further. Mon, 10 Oct 2011 21:28:21 +0200 http://zanders.eu/en/publications/article/basel-iii-forces-banks-to-innovate Valuation Desk Valuations, analysis and the public sector http://zanders.eu/en/publications/article/valuation-desk Valuations, analysis and the public sector Tue, 27 Sep 2011 10:20:23 +0200 http://zanders.eu/en/publications/article/valuation-desk http://zanders.eu/en/publications/article/latente-liquiditeitsrisicos-rentederivaten Tue, 27 Sep 2011 08:28:04 +0200 http://zanders.eu/en/publications/article/latente-liquiditeitsrisicos-rentederivaten http://zanders.eu/en/publications/article/renterisicos-in-de-zorgsector-door-wijziging-kapitaallastenvergoeding Mon, 26 Sep 2011 15:22:14 +0200 http://zanders.eu/en/publications/article/renterisicos-in-de-zorgsector-door-wijziging-kapitaallastenvergoeding http://zanders.eu/en/publications/article/het_opheffen_-verplichte_aansluiting_bij_het-_waarbforgonds_en_de_gevo Mon, 26 Sep 2011 13:36:57 +0200 http://zanders.eu/en/publications/article/het_opheffen_-verplichte_aansluiting_bij_het-_waarbforgonds_en_de_gevo http://zanders.eu/en/publications/article/licht-herstel-bouw-eerste-halfjaar-2011 Tue, 13 Sep 2011 12:36:50 +0200 http://zanders.eu/en/publications/article/licht-herstel-bouw-eerste-halfjaar-2011 EAGLE Global Corporate Rating Model http://zanders.eu/en/publications/article/eagle The EAGLE global corporate rating model generates credit ratings for millions of corporates worldwide. Mon, 05 Sep 2011 10:17:23 +0200 http://zanders.eu/en/publications/article/eagle Market Profile: Weather Derivatives in Switzerland A qualitative analysis on prerequisites for an active market http://zanders.eu/en/publications/article/market-profile-weather-derivatives-in-switzerland As a result of climate change, the weather is becoming more relevant for a broad variety of companies in different industries. Companies depending on a certain weather resistance are confronted with unexpected consequences and risks due to increased weather fluctuations. Mon, 29 Aug 2011 09:58:26 +0200 http://zanders.eu/en/publications/article/market-profile-weather-derivatives-in-switzerland “A confirmation of our professionalism” Zanders is granted a license by the Netherlands Authority For the Financial Markets http://zanders.eu/en/publications/article/a-confirmation-of-our-professionalism Zanders has received a license from the AFM for the provision of advice on financial instruments, including foreign operations. “I see the AFM license mainly as a confirmation of our professionalism,” says Zanders partner Bart-Jan Wittenberg. Mon, 29 Aug 2011 08:40:33 +0200 http://zanders.eu/en/publications/article/a-confirmation-of-our-professionalism Will Basel III force disintermediation? Implications for high risk/high yield banking activities http://zanders.eu/en/publications/article/will-basel-iii-force-disintermediation The new capital requirements specified by the Bank of International Settlements (BIS), also known as Basel III, have landed broadly. A great deal of attention has been focused on the implications of Basel III for the capital structure of banks. Various banks have since adjusted their capital positions to match the new preconditions. Thu, 25 Aug 2011 08:30:30 +0200 http://zanders.eu/en/publications/article/will-basel-iii-force-disintermediation Zanders is expanding its UK office http://zanders.eu/en/publications/article/zanders-is-expanding-its-uk-office Three years since Zanders first established its office in London, three new members of staff are set to help consolidate the company’s presence, with the aim of becoming a household name in the UK market. Tue, 12 Jul 2011 08:25:07 +0200 http://zanders.eu/en/publications/article/zanders-is-expanding-its-uk-office Model risk for non-maturing products http://zanders.eu/en/publications/article/model-risk-for-non-maturing-products Most banks have significant amounts of non-maturing products on their balance sheets, such as current accounts and savings deposits. The contractual maturity is very small, so that the client could withdraw his or her money at short notice and banks can adjust interest rates at any time. Wed, 29 Jun 2011 10:00:02 +0200 http://zanders.eu/en/publications/article/model-risk-for-non-maturing-products The Financial Supply Chain Corporates set the benchmark for trade finance best practices http://zanders.eu/en/publications/article/the-financial-supply-chain A response to the 2008 turmoil can be seen in a corporate focus for the cash that is ‘caught up’ in the financial supply chain. Tue, 14 Jun 2011 20:33:44 +0200 http://zanders.eu/en/publications/article/the-financial-supply-chain New Treasury Realities Expect strategic and operational roles to diverge http://zanders.eu/en/publications/article/new-treasury-realities Dramatic changes in strategic cash and treasury management are likely to occur in the coming year by four ongoing global trends. Wed, 08 Jun 2011 10:23:11 +0200 http://zanders.eu/en/publications/article/new-treasury-realities http://zanders.eu/en/publications/article/woningcorporaties-resetten-en-back-to-basics Tue, 07 Jun 2011 10:54:50 +0200 http://zanders.eu/en/publications/article/woningcorporaties-resetten-en-back-to-basics http://zanders.eu/en/publications/article/scenariomodellen Tue, 07 Jun 2011 10:52:30 +0200 http://zanders.eu/en/publications/article/scenariomodellen http://zanders.eu/en/publications/article/al-aan-de-slag-met-de-aanbevelingen-van-commissie-don Tue, 07 Jun 2011 10:50:45 +0200 http://zanders.eu/en/publications/article/al-aan-de-slag-met-de-aanbevelingen-van-commissie-don http://zanders.eu/en/publications/article/nieuwe-financieringsvormen Tue, 07 Jun 2011 10:47:58 +0200 http://zanders.eu/en/publications/article/nieuwe-financieringsvormen http://zanders.eu/en/publications/article/faillissementen-bij-bouwend-nederland Tue, 07 Jun 2011 10:42:10 +0200 http://zanders.eu/en/publications/article/faillissementen-bij-bouwend-nederland http://zanders.eu/en/publications/article/alternatief-voor-deposito Tue, 07 Jun 2011 10:36:26 +0200 http://zanders.eu/en/publications/article/alternatief-voor-deposito Could you win this year's Global Corporate Treasury Awards? http://zanders.eu/en/publications/article/could-you-win-this-years-global-corporate-treasury-awards Mon, 06 Jun 2011 11:20:59 +0200 http://zanders.eu/en/publications/article/could-you-win-this-years-global-corporate-treasury-awards Gearing up for conference season: Zanders prepares for Sibos, EuroFinance and the AFP http://zanders.eu/en/publications/article/gearing-up-for-conference-season-zanders-prepares-for-sibos-eurofinanc Mon, 06 Jun 2011 11:10:14 +0200 http://zanders.eu/en/publications/article/gearing-up-for-conference-season-zanders-prepares-for-sibos-eurofinanc Investor relations: working on the right-handside of the ledger Freek Hoek explains Rabobank to investors http://zanders.eu/en/publications/article/investor-relations-working-on-the-right-handside-of-the-ledger Rabobank’s head of Investor Relations knows his way around all the world’s financial centers and wants to be where the investors are. We asked Hoek about the secret of excellent investor relations. Wed, 25 May 2011 10:26:12 +0200 http://zanders.eu/en/publications/article/investor-relations-working-on-the-right-handside-of-the-ledger Basel III: the price of a stable banking sector Implications of banking regulation for banks and their corporate clients http://zanders.eu/en/publications/article/basel-3-the-price-of-a-stable-banking-sector The BIS’s new capital requirements for banks, also known as Basel III, draws the attention of various stakeholders. This article provides some suggestions on how to cope with the consequences of Basel III. Mon, 23 May 2011 09:33:30 +0200 http://zanders.eu/en/publications/article/basel-3-the-price-of-a-stable-banking-sector Zanders advises Spant! management on unique buyout Management on unique buy-out http://zanders.eu/en/publications/article/zanders-advises-spant-management-on-unique-buyout The Spant! theater and conference center in Bussum is set to become an independent organization. The current management, managing director Paul Haighton and financial manager Bert Dijkstra, will take over the whole operation. Mon, 25 Apr 2011 08:43:12 +0200 http://zanders.eu/en/publications/article/zanders-advises-spant-management-on-unique-buyout How to value a cross-currency swap http://zanders.eu/en/publications/article/how-to-value-a-cross-currency-swap Since the first transaction in 1981 between the World Bank and IBM, the market of cross-currency swaps has grown rapidly. It represents, according to the Bank of International Settlements, an outstanding notional amount of USD 16,347 billion as per June 2010. In this article we will discuss how cross-currency swaps work, and how to value them. Fri, 22 Apr 2011 07:54:43 +0200 http://zanders.eu/en/publications/article/how-to-value-a-cross-currency-swap Model validation: pain or gain? http://zanders.eu/en/publications/article/model-validation-pain-or-gain Wed, 20 Apr 2011 08:26:47 +0200 http://zanders.eu/en/publications/article/model-validation-pain-or-gain SWIFT and Zanders Web Seminar on Working Capital Management A wide audience from banks and corporates listened in on the first Swift Webinar. http://zanders.eu/en/publications/article/swift-and-zanders-web-seminar-on-working-capital-management A wide audience from banks and corporates listened in on the first Swift Webinar. Thu, 14 Apr 2011 14:51:32 +0200 http://zanders.eu/en/publications/article/swift-and-zanders-web-seminar-on-working-capital-management How do you value a credit default swap? Warren Buffet once called these products 'weapons of mass destruction', how do credit default swaps work? http://zanders.eu/en/publications/article/how-do-you-value-a-credit-default-swap Warren Buffet once called these products 'weapons of mass destruction', how do credit default swaps work? Mon, 07 Mar 2011 09:13:16 +0100 http://zanders.eu/en/publications/article/how-do-you-value-a-credit-default-swap A structured approach to pricing The importance of a structured and consistent approach towards setting interest rates for inter-company loans. http://zanders.eu/en/publications/article/a-structured-approach-to-pricing The importance of a structured and consistent approach towards setting interest rates for inter-company loans. Thu, 24 Feb 2011 11:35:18 +0100 http://zanders.eu/en/publications/article/a-structured-approach-to-pricing Zanders Treasury Scan: ‘You know precisely where you stand’ Treasury scan identifies risks and improvement potential http://zanders.eu/en/publications/article/zanders-treasury-scan Zanders treasury scan identifies risks and improvement potential Thu, 20 Jan 2011 17:36:59 +0100 http://zanders.eu/en/publications/article/zanders-treasury-scan Zanders and gtnews/AFP offer that little bit more Innovation in treasury training http://zanders.eu/en/publications/article/innovation-in-treasury-training Innovation in treasury training Tue, 14 Dec 2010 13:51:52 +0100 http://zanders.eu/en/publications/article/innovation-in-treasury-training Creating a win-win situation with Wallet Distribution Bank relationship management http://zanders.eu/en/publications/article/bank-relationship-management-with-wallet-distribution Wed, 08 Dec 2010 12:57:04 +0100 http://zanders.eu/en/publications/article/bank-relationship-management-with-wallet-distribution Treasury Awards 2010 AkzoNobel and its Treasury Transformation Project http://zanders.eu/en/publications/article/treasury-awards-2010 AkzoNobel and its Treasury Transformation Project Fri, 12 Nov 2010 12:44:06 +0100 http://zanders.eu/en/publications/article/treasury-awards-2010 A solution for the assessment of credit risks EAGLE: European corporate rating model http://zanders.eu/en/publications/article/a-solution-for-the-assessment-of-credit-risks EAGLE: European corporate rating model Tue, 26 Oct 2010 15:52:35 +0200 http://zanders.eu/en/publications/article/a-solution-for-the-assessment-of-credit-risks Press release - Working Capital Analysis How to unlock more liquidity from working capital http://zanders.eu/en/publications/article/working-capital-analysis How to unlock more liquidity from working capital Fri, 22 Oct 2010 09:39:48 +0200 http://zanders.eu/en/publications/article/working-capital-analysis Bridging the IFRS and US GAAP Accounting standards for financial instruments http://zanders.eu/en/publications/article/bridging-the-ifrs-and-us-gaap Accounting standards for financial instruments Mon, 18 Oct 2010 15:26:57 +0200 http://zanders.eu/en/publications/article/bridging-the-ifrs-and-us-gaap Zanders and IT2 A partnership based on respect and independence http://zanders.eu/en/publications/article/zanders-and-it2 A partnership based on respect and independence Thu, 07 Oct 2010 15:05:42 +0200 http://zanders.eu/en/publications/article/zanders-and-it2 Structural risk management An initial model for trading risk http://zanders.eu/en/publications/article/structural-risk-management An initial model for trading risk Mon, 09 Aug 2010 14:27:07 +0200 http://zanders.eu/en/publications/article/structural-risk-management The art of implementation Treasury management systems and project management http://zanders.eu/en/publications/article/the-art-of-implementation Treasury management systems and project management Mon, 02 Aug 2010 14:49:38 +0200 http://zanders.eu/en/publications/article/the-art-of-implementation Mortage interest Abolition of tax relief on mortgage interest: a risk or an opportunity? http://zanders.eu/en/publications/article/mortage-interest Abolition of tax relief on mortgage interest: a risk or an opportunity? Mon, 19 Jul 2010 13:27:55 +0200 http://zanders.eu/en/publications/article/mortage-interest Expert opinion: Niek Nahuis Public State Treasury Agency http://zanders.eu/en/publications/article/expert-opinion-niek-nahuis Public State Treasury Agency Fri, 09 Jul 2010 15:34:23 +0200 http://zanders.eu/en/publications/article/expert-opinion-niek-nahuis Value for valuation The importance of determining the value of liabilities is increasing http://zanders.eu/en/publications/article/value-for-valuation The importance of determining the value of liabilities is increasing Thu, 20 May 2010 12:52:32 +0200 http://zanders.eu/en/publications/article/value-for-valuation Zanders opens in Zurich New office in Switzerland http://zanders.eu/en/publications/article/zanders-opens-in-zurich New office in Switzerland Mon, 19 Apr 2010 15:29:53 +0200 http://zanders.eu/en/publications/article/zanders-opens-in-zurich Zanders Interim Services Temporary staffing solutions http://zanders.eu/en/publications/article/zanders-interim-services Temporary staffing solutions Mon, 05 Apr 2010 15:31:54 +0200 http://zanders.eu/en/publications/article/zanders-interim-services Housing Corporations: Sustainability in danger? 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Fri, 26 Mar 2010 15:28:56 +0100 http://zanders.eu/en/publications/article/housing-corporations-sustainability-in-danger Value of optionality in ‘Direkt vermarktung’ Alternative valuation method in the sustainable energy industry http://zanders.eu/en/publications/article/value-of-optionality Alternative valuation method in the sustainable energy industry Tue, 16 Mar 2010 15:24:10 +0100 http://zanders.eu/en/publications/article/value-of-optionality Liquidity Risk; a priority http://zanders.eu/en/publications/article/liquidity-risk-a-priority The new regulation addresses the implementation and upgrade of risk management systems as a priority Mon, 08 Mar 2010 15:23:27 +0100 http://zanders.eu/en/publications/article/liquidity-risk-a-priority Expert opinion: Mr Van der Does - Euronext Euronext’s CEO on why the greatest risk is losing trust http://zanders.eu/en/publications/article/expert-opinion-mr-van-der-does-euronext Euronext’s CEO on why the greatest risk is losing trust Mon, 15 Feb 2010 15:12:56 +0100 http://zanders.eu/en/publications/article/expert-opinion-mr-van-der-does-euronext Benefit from inflation with bonds, swaps, caps and floors http://zanders.eu/en/publications/article/benefit-from-inflation Benefit from inflation with bonds, swaps, caps and floors Mon, 25 Jan 2010 15:19:56 +0100 http://zanders.eu/en/publications/article/benefit-from-inflation Weather Risk Is it Time to Cover Up? http://zanders.eu/en/publications/article/weather-risk Weather Risks Mon, 21 Dec 2009 15:04:35 +0100 http://zanders.eu/en/publications/article/weather-risk Cash management and working capital Two sides of the same coin http://zanders.eu/en/publications/article/cash-management-and-working-capital Two sides of the same coin Fri, 18 Dec 2009 15:09:42 +0100 http://zanders.eu/en/publications/article/cash-management-and-working-capital Housing Associations The accelerators of urban renewal http://zanders.eu/en/publications/article/housing-associations-and-urban-renewal Housing associations the accelerators of urban renewal Thu, 17 Dec 2009 15:14:40 +0100 http://zanders.eu/en/publications/article/housing-associations-and-urban-renewal Improve your risk calculations Value at risk and Economic Capital http://zanders.eu/en/publications/article/risk-calculations Imrpove your risk calculations Tue, 15 Dec 2009 15:02:45 +0100 http://zanders.eu/en/publications/article/risk-calculations Expert opinion: Peter Roosenboom Erasmus University Good risk management also essential in private equity sector http://zanders.eu/en/publications/article/peter-roosenboom-erasmus-university Externe deskundige: Erasmus Peter Roossenboom Fri, 11 Dec 2009 14:58:37 +0100 http://zanders.eu/en/publications/article/peter-roosenboom-erasmus-university Don’t hide behind IAS39 Achieving hedge accounting for foreign exchange risk management http://zanders.eu/en/publications/article/dont-hide-behind-ias39 Foreign Exchange Risk Management Tue, 08 Dec 2009 15:19:43 +0100 http://zanders.eu/en/publications/article/dont-hide-behind-ias39 Expert opinion: Dick Sluimers APG Do we need to know the day-to-day value of pension funds http://zanders.eu/en/publications/article/dick-sluimers-apg APG boss Dick Sluimers unimpresssed by calculating coverage ratios using the day value Mon, 07 Dec 2009 15:05:02 +0100 http://zanders.eu/en/publications/article/dick-sluimers-apg Long life not always a blessing For insurers and pension funds http://zanders.eu/en/publications/article/longevity-risk Longevity risk Thu, 03 Dec 2009 15:06:14 +0100 http://zanders.eu/en/publications/article/longevity-risk How mergers and acquisitions are developing http://zanders.eu/en/publications/article/developments-merges-and-acquisitions Developments mergers and acquisitions Mon, 21 Sep 2009 12:15:40 +0200 http://zanders.eu/en/publications/article/developments-merges-and-acquisitions Illiquid instruments How to price illiquid or OTC instruments at market value http://zanders.eu/en/publications/article/illiquid-instruments How to price illiquid or OTC instruments Fri, 18 Sep 2009 12:05:54 +0200 http://zanders.eu/en/publications/article/illiquid-instruments GARP unites the world’s risk professionals Global Association of Risk Professionals http://zanders.eu/en/publications/article/garp GARP unites the world’s risk professionals Mon, 14 Sep 2009 12:02:36 +0200 http://zanders.eu/en/publications/article/garp Trends to consider when upgrading or selecting a treasury management system A treasury management system http://zanders.eu/en/publications/article/treasury-management-systems-selection A treasury management system Wed, 09 Sep 2009 12:00:35 +0200 http://zanders.eu/en/publications/article/treasury-management-systems-selection