Latest Insights

TMS providers need to change gear to prepare for IBOR Reform

The discontinuation of the IBOR rates promises to be one of the most significant changes to the financial markets in decades. Some people argue that it will impact the financial industry even more than Brexit does.

Alternative Financing is Here to Stay

Financial institutions regularly evolve in their effort to stay relevant while Corporate Treasuries seek alternatives to traditional funding sources. These dynamics create a healthy European financing landscape. Traditionally split between 70 percent bank loans and 30 percent public bonds, alternative financing now enjoys increasing market share. Illustrating its rising popularity, 2018 saw 9% year on year growth for direct lending in the European leveraged finance market alone.

Struggling with the treasury 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.

Zanders Pre-Developed SAP Solutions

Since our company was founded 25 years ago, Zanders’ team has been involved in many SAP Treasury implementations. SAP Treasury was first developed in the early Nineties and has since been regularly updated and refined, to provide extensive functionality that supports the treasury and risk management processes at multinationals and financial institutions.

Preparing Your Treasury Management System for the IBOR Replacement

Instruments including bonds, loans, derivatives, leases, and the construction of discount curves, could all be affected by the new reference rates. The required repapering and repricing of affected financial instruments will challenge Treasury Management Systems (TMS) providers in how they will support treasurers with the IBOR transition.