When it comes to interest-rate risk management, it is quite common for corporates to have a rather static interest-rate risk policy in place which dictates, for example, fixing the interest rate for a pre-specified percentage of their (future) funding needs, without… read more
In the past, deriving the market value of an interest rate swap was considered fairly easy. Nowadays, things have changed. Things which once seemed stable are now unstable and a risk-free rate is no longer without risk. For this reason, the… read more
Your remote control in bank account management
An increasing focus on bank account management is being observed among European corporate customers. Worldwide treasury trends such as centralization, standardization and the increasing independence of banks have been gathering pace for several years. These trends have spurred the implementation not… read more
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… read more
How WPP managed its diverse regional needs to select a new TMS and a Swift connection
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… read more
Risk management is evolving and adapting to the external factors that provide strong incentives to develop new risk management techniques. Whether this is because the world has become riskier or because we are simply more aware of the risks we face,… read more
The financial media are full of buzzwords such as ‘Greek default’, ‘euro crisis’, ‘recession’, ‘liquidity shortage’, ‘Basel III’ and ‘credit crunch’.
In times of rising uncertainty in financial markets and increased interdependency between firms, supply chain finance has been helping corporate treasurers to unlock value bound to working capital. Countertrade, including innovative forms of barter, potentially offers another methodology to manage and… read more
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… read more
and its bigger, younger brother
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… read more
Implications for high risk/high yield banking activities
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… read more
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.
Corporates set the benchmark for trade finance best practices
As a response to the financial turmoil in 2008 and the subsequent economic downturn we have seen a strong increase in corporate focus for the cash that is ‘caught up’ in the financial supply chain (FSC). Due to limited credit availability… read more
Expect strategic and operational roles to diverge
In the year ahead, the key developments in strategic cash and treasury management will be influenced by four ongoing global trends: standardization, centralization, virtualization and bank independence. The combination of these trends is likely to lead to dramatic changes by fostering… read more
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.… read more
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credit risk, cash management, ratings, greenpeace, sustainable
