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White paper ‘The curse of the UFR-drag’

Roll risk management for pension funds

For the valuation of pension liabilities, pension funds in the Netherlands use the so-called interest rate term structure (IRTS) with the ultimate forward rate (UFR) curve. This curve basically allows pension funds to apply a higher rate to value their liabilities – the UFR is currently at 1.9% – than interest rates observed in financial markets. Now pension funds are suffering from the so-called UFR-drag.

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Financial measures in the Netherlands to combat coronavirus impact for corporates

Developments regarding the coronavirus (COVID-19) are quickly following each other at the moment. Therefore, it can be hard to keep track of all the supporting measures governments and European central bodies are taking to support companies and the economy. This article aims to give a clear overview of those measures and to give corporates some hands-on advice on possible actions that can be undertaken.

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Reporting essential for driving the Treasury

Reporting for the sake of reporting does not create any added value to the organization. Have you ever questioned who is reading your daily, weekly and monthly reports and what they did with the information and data in the reports? Many treasury departments produce regular reports about the companies’ cash and liquidity position, cash forecast, foreign exchange and debt position. This article will provide you with some thoughts about how reporting can contribute to value creation by measuring and reporting the right indicators.

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20 Treasury Actions for 2020!

The start of a new year (not to mention a new decade) is a natural moment to reflect on the past and look forward to the year(s) ahead. How should you, as a treasurer, prepare for the uncertain future? What will be the main trends for the coming year? Most importantly, what can your company, and the treasury organization specifically, do to add value by recognizing the trends?

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Struggling with the compliance impact of your lease portfolio?

ASC 842 & IFRS16: How big a liability is your lease portfolio?

Three years ago, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) created new accounting standards to replace IAS17 and ASC 840. Although IFRS 16 became effective on 1 January 2019, many companies are still seeking a structured and standardized approach to cope with the amended regulation. Private companies conforming to US GAAP still have some time left before ASC 842 takes effect at the start of 2020.

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