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Treasury technology in the airline industry: ready for take-off?

Zanders presented a benchmarking study at the IATA World Financial Symposium in Abu Dhabi

Sir Richard Branson once said: “If you want to be a millionaire, start with a billion dollars and launch a new airline.” Although this statement might be an exaggeration, the airline industry has continuously struggled to achieve financial health in recent years. Despite impressive growth rates over the past decades, airlines have (on average) not come close to returning the cost of capital 

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European companies struggle with derivatives reporting deadline

Article Euromoney by Carol Dean with quotes of Zanders consultant;Marcos Barrabés-Rebollo, published January 22, 2014

European companies are in danger of failing to comply with the new derivative reporting standards required under European Market Infrastructure Regulation (EMIR), one of the most challenging pieces of regulation companies are facing crunch time over.

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EMIR: the ‘European Market Infrastructure Regulation’

The European equivalent of the Dodd-Frank act is EMIR: the ‘European Market Infrastructure Regulation’, which was enforced on the 16th of August 2012. Its objective is to reduce the systemic risk in the financial markets. One thing is for sure: the rules of the game are changing.

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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. The standard accounting treatment for hedge instruments is that changes in fair value will have to be recorded in Profit and Loss (P&L). As opposed to the hedge instruments, the hedged assets or liabilities are often measured at (amortized) cost or fair value through equity, or are forecasted items which are not recognized in the Balance Sheet.

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