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HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECH This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF Credit sensitive rate alternatives do not address all of Libor’s weaknesses, says BoE. Credit sensitive rates may present an easy short-term fix but also complex long-term risks, according to Bank of England Governor Andrew Bailey. The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending

on

PARKER

Cryptos come in from the cold in the post-pandemic world. As bitcoin and other crypto-currencies begin to come of age, corporate treasuries around the world are increasingly turning to them as a tool that can be deployed to preserve the value of reserves, enhance liquidity and shore up balance sheets. These are the findings of Michael Moro WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. THE PROS AND CONS OF TREASURY CENTRALISATION THE METHODOLOGY BEHIND RISK AND CONTROL SELF ASSESSMENT The Methodology Behind Risk and Control Self Assessment. Risk and control self assessment (RCSA) is a process through which operational risks and the effectiveness of controls are assessed and examined. The objective is to provide reasonable assurance that all business objectives will be met. One of the most popular approaches for

conducting

SHOULD COMPANIES HEDGE TRANSLATION RISK? In 2007, gtnews published a guide series from Zanders presenting the company’s corporate risk management framework. In this framework, corporate risks are managed based on a systematic, integrated five-step approach, aimed to enhance shareholder value. Figure 1: Five-step Approach to Managing Corporate Risk The first step in managing foreign exchange (FX) risk is to acknowledge EBICS VS. SWIFT: MOVING TO A EUROPE-WIDE COMMUNICATIONS Many cash managers of internationally active companies are (still) looking for ways to harmonise their different formats for payments, account information and status reports and want to find these combined in one single format for their company. With messaging standard ISO 20022 common gateway interface (CGI) they appear to have found a way

to achieve

on

PARKER

conducting

to achieve

BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the HOMEPAGE - THE GLOBAL TREASURER This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger ENTERPRISE PAYMENTS REIMAGINED Enterprise payments reimagined - TIS is leading the way . Liquidity is the lifeblood of every corporation, but companies have focused on cash inflows instead of improving payment efficiency, according to TIS, a leading Enterprise Payment Optimization Platform provider WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of SIX REGULATORY CHANGES TO LOOK OUT FOR IN 2021 Six regulatory changes to look out for in 2021. As the pandemic has impacted treasurers in all sectors on a global scale, even the most pressing issues in finance have been overshadowed. With the transition period ending just before 2020 is out, and LIBOR drawing to a close in just under a year, we looked at the regulatory changes that AIRLINES IN HEDGING DILEMMA Airlines in hedging dilemma. Hedged fuel prices may be hurting, not helping, the world’s airlines, writes Elizabeth Roscoe. The world has changed dramatically over the past three months. Countries around the world have closed their borders and are asking residents to isolate at home. Whether you live in Amsterdam, New York, or Sydney,

your

HOW DOES PAYMENT PROCESSING WORK AND HOW IS IT REGULATED With the arrival of faster payments, Swift GPI, as well as credit card companies like Visa offering compressive business solutions, its generally accepted that within the next three to five years the entire architecture of the payment processing world will have irrevocably changed.And there’s much more driving the change from the tried and tested bricks and mortar systems towards payments-on CASH MANAGEMENT TECHNIQUES The role of finance and treasury in sustaining and creating value is changing substantially. The traditional guardianship and risk management roles of finance and treasury are being continually revised. At the same time, finance is being asked to become more effective and efficient in supporting core needs across the enterprise. In terms of cash management, HEDGING FOREIGN EXCHANGE TRANSLATION EXPOSURE: THE DILEMMA The translation exposure of a corporate can be defined as the net foreign investment exposure held in foreign currencies that must be translated into group reporting currency at the end of each financial reporting period. It differs from transaction exposure, which is the exposure to foreign currency cashflows, typically sales and from economic exposure, where THE METHODOLOGY BEHIND RISK AND CONTROL SELF ASSESSMENT The Methodology Behind Risk and Control Self Assessment. Risk and control self assessment (RCSA) is a process through which operational risks and the effectiveness of controls are assessed and examined. The objective is to provide reasonable assurance that all business objectives will be met. One of the most popular approaches for

conducting

THE IMPORTANCE OF BANK RELATIONSHIP MANAGEMENT The payback for a company to take an active role in managing bank relationships can come early and often. Replacing the time consuming manual tasks around the bank relationship processes would be a great

place to start.

on

partner at

INTEREST RATE RISK: FIXED OR FLOATING? Interest rate risk: the fixed versus floating debate. Figure one is a plot many treasurers will be familiar with. It shows that over a series of consecutive three-year periods going back twenty-five years a floating rate borrower pays off approximately 75 percent of the time versus a three-year fixing for the same period. CORPORATE TREASURERS LOOK TO BANKS AS TECH VENDORS For many treasurers, their primary bank is not only their most important financial relationship but also their largest tech vendor. As the pandemic reaches its one-year milestone, the department has needed to change and adapt to the new ways of working as inefficiencies of physical and manual processes were laid bare. WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. AIRLINES IN HEDGING DILEMMA Airlines in hedging dilemma. Hedged fuel prices may be hurting, not helping, the world’s airlines, writes Elizabeth Roscoe. The world has changed dramatically over the past three months. Countries around the world have closed their borders and are asking residents to isolate at home. Whether you live in Amsterdam, New York, or Sydney,

your

on

partner at

your

THE PROS AND CONS OF TREASURY CENTRALISATION SHOULD COMPANIES HEDGE TRANSLATION RISK? In 2007, gtnews published a guide series from Zanders presenting the company’s corporate risk management framework. In this framework, corporate risks are managed based on a systematic, integrated five-step approach, aimed to enhance shareholder value. Figure 1: Five-step Approach to Managing Corporate Risk The first step in managing foreign exchange (FX) risk is to acknowledge ENTERPRISE PAYMENTS REIMAGINED Enterprise payments reimagined - TIS is leading the way . Liquidity is the lifeblood of every corporation, but companies have focused on cash inflows instead of improving payment efficiency, according to TIS, a leading Enterprise Payment Optimization Platform provider INTEREST RATE RISK: FIXED OR FLOATING? Interest rate risk: the fixed versus floating debate. Figure one is a plot many treasurers will be familiar with. It shows that over a series of consecutive three-year periods going back twenty-five years a floating rate borrower pays off approximately 75 percent of the time versus a three-year fixing for the same period. CRYPTOS COME IN FROM THE COLD IN THE POST-PANDEMIC WORLD Cryptos come in from the cold in the post-pandemic world. As bitcoin and other crypto-currencies begin to come of age, corporate treasuries around the world are increasingly turning to them as a tool that can be deployed to preserve the value of reserves, enhance liquidity and shore up balance sheets. These are the findings of Michael Moro REAL-TIME PAYMENTS IN 2020: REQUEST TO PAY WILL BE THE Real-time payments in 2020: Request to Pay will be the talk of the town. Craig Ramsey, head of real-time payments at global software firm ACI Worldwide looks at the five key trends that will shape the real-time payment world in 2020. Real-time payments have long become the ‘new normal’, with 45 schemes currently live and a further 13

in

A SYSTEMS APPROACH TO BANK MANAGEMENT: A SOLUTION A Systems Approach to Bank Management: a Solution Blueprint. Banks are multi-dimensional service organisations. They work across customer segments, geographies, regulatory environments, technologies, vendors, and staff. Enduring successful management requires careful planning and execution while taking into account material change across HOW CAN TREASURY TEAMS SUCCESSFULLY MANAGE FOREIGN How can treasury teams successfully manage foreign exchange risk in a volatile global environment? As socio-political uncertainty and volatile economic conditions continue to wreak havoc on foreign exchange markets, treasurers must prioritise foreign exchange risk management in order to deliver sustainable growth, writes Nash Riggins OUTSOURCING AND THE BANKING SECTOR: PROBLEMS AND PROSPECTS Outsourcing and the banking sector: Problems and prospects . Outsourcing has been around for centuries, but banks are only just now discovering how it can empower overworked and under-resourced treasurers to cut costs and bring added value for investors and

customers.

THE METHODOLOGY BEHIND RISK AND CONTROL SELF ASSESSMENT The Methodology Behind Risk and Control Self Assessment. Risk and control self assessment (RCSA) is a process through which operational risks and the effectiveness of controls are assessed and examined. The objective is to provide reasonable assurance that all business objectives will be met. One of the most popular approaches for

conducting

EVOLVING THE LETTER OF CREDIT IN THE DIGITAL AGE Evolving the Letter of Credit in the digital age . Is the Letter of Credit’s position as the go-to instrument for trade finance at threat of being disrupted, or can it morph itself into the product of the future, asks Samuel Mathew, global head of documentary trade, product management and transaction banking at Standard Chartered Bank. THE IMPORTANCE OF BANK RELATIONSHIP MANAGEMENT The payback for a company to take an active role in managing bank relationships can come early and often. Replacing the time consuming manual tasks around the bank relationship processes would be a great

place to start.

on

partner at

AIRLINES IN HEDGING DILEMMA Airlines in hedging dilemma. Hedged fuel prices may be hurting, not helping, the world’s airlines, writes Elizabeth Roscoe. The world has changed dramatically over the past three months. Countries around the world have closed their borders and are asking residents to isolate at home. Whether you live in Amsterdam, New York, or Sydney,

your

LIQUIDITY PLANNING

Liquidity planning offers a much more holistic approach. The process starts by capturing a top-down view of cash flows. This top-down plan means that goals are set at the top of the organization. Applying cash application rules to the operating budgets and plans, a company derives cash flow targets. The resulting cash flow targets and metrics BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECH This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF Credit sensitive rate alternatives do not address all of Libor’s weaknesses, says BoE. Credit sensitive rates may present an easy short-term fix but also complex long-term risks, according to Bank of England Governor Andrew Bailey. The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending

on

partner at

your

LIQUIDITY PLANNING

Liquidity planning offers a much more holistic approach. The process starts by capturing a top-down view of cash flows. This top-down plan means that goals are set at the top of the organization. Applying cash application rules to the operating budgets and plans, a company derives cash flow targets. The resulting cash flow targets and metrics BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the ENTERPRISE PAYMENTS REIMAGINED Enterprise payments reimagined - TIS is leading the way . Liquidity is the lifeblood of every corporation, but companies have focused on cash inflows instead of improving payment efficiency, according to TIS, a leading Enterprise Payment Optimization Platform provider CRYPTOS COME IN FROM THE COLD IN THE POST-PANDEMIC WORLD Cryptos come in from the cold in the post-pandemic world. As bitcoin and other crypto-currencies begin to come of age, corporate treasuries around the world are increasingly turning to them as a tool that can be deployed to preserve the value of reserves, enhance liquidity and shore up balance sheets. These are the findings of Michael Moro AIRLINES IN HEDGING DILEMMA Airlines in hedging dilemma. Hedged fuel prices may be hurting, not helping, the world’s airlines, writes Elizabeth Roscoe. The world has changed dramatically over the past three months. Countries around the world have closed their borders and are asking residents to isolate at home. Whether you live in Amsterdam, New York, or Sydney,

your

CBDCS RAISE FUNDING CONCERNS FOR COMMERCIAL BANKS CBDCs raise funding concerns for commercial banks. Central bank digital currencies (CBDCs) could put a “significant drain on retail deposits” for commercial banks and increase competition from non-banks and big tech, according to market participants. Central banks are beginning to lay the framework for digital currencies

(CBDCs) and, while

OUTSOURCING AND THE BANKING SECTOR: PROBLEMS AND PROSPECTS Outsourcing and the banking sector: Problems and prospects . Outsourcing has been around for centuries, but banks are only just now discovering how it can empower overworked and under-resourced treasurers to cut costs and bring added value for investors and

customers.

REPUTATIONAL RISK MANAGEMENT: A BANK'S VIEW Early identification and management of reputational risks. Since 2008, Commerzbank has been continually identifying sensitive topic areas that possibly pose environmental or social risks to the Bank including coal, oil and gas, armaments, palm oil or mining. Working closely with Commerzbank’s sales units, part of the role of the Reputational Risk Management department is to identify and A SYSTEMS APPROACH TO BANK MANAGEMENT: A SOLUTION A Systems Approach to Bank Management: a Solution Blueprint. Banks are multi-dimensional service organisations. They work across customer segments, geographies, regulatory environments, technologies, vendors, and staff. Enduring successful management requires careful planning and execution while taking into account material change across HOW CAN TREASURY TEAMS SUCCESSFULLY MANAGE FOREIGN How can treasury teams successfully manage foreign exchange risk in a volatile global environment? As socio-political uncertainty and volatile economic conditions continue to wreak havoc on foreign exchange markets, treasurers must prioritise foreign exchange risk management in order to deliver sustainable growth, writes Nash Riggins EVOLVING THE LETTER OF CREDIT IN THE DIGITAL AGE Evolving the Letter of Credit in the digital age . Is the Letter of Credit’s position as the go-to instrument for trade finance at threat of being disrupted, or can it morph itself into the product of the future, asks Samuel Mathew, global head of documentary trade, product management and transaction banking at Standard Chartered Bank. BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECH This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending on credit sensitive rates. “Many of these new credit sensitive rates continue to reference

and when

liquidity drops away they seek to expand their ‘daily’ data sets through the use of rolling windows, giving the appearance of CORPORATE TREASURERS LOOK TO BANKS AS TECH VENDORS For many treasurers, their primary bank is not only their most important financial relationship but also their largest tech vendor. As the pandemic reaches its one-year milestone, the department has needed to change and adapt to the new ways of working as inefficiencies of physical and manual processes were laid bare. BNP PARIBAS PUSHES TO DIGITALISE POOLING Though there is light at the end of the coronavirus tunnel, for much of the world a long winter has yet to begin. Corporates must continue to carefully watch over their company’s finances using the lessons learnt during the spring, with one such lessons being the importance

of

and when

of

THE PROS AND CONS OF TREASURY CENTRALISATION VIDEO: TREASURERS MUST BE BOLD WITH DIGITAL TRANSFORMATION Video: Treasurers must be bold with digital transformation . In this video, Prabha Viswanathan, Assistant Group Treasurer of Diageo talks to The Global Treasurer’s editor, Austin Clark about the future of digital transformation in the finance function. JACQUES LING, AUTHOR AT THE GLOBAL TREASURER Jacques Ling . Jacques Ling is executive director and senior product manager at J.P. Morgan Treasury Services. Based in Hong Kong, he is responsible for the regional product development, management and implementation of trade finance in Asia Pacific. ENTERPRISE PAYMENTS REIMAGINED Enterprise payments reimagined - TIS is leading the way . Liquidity is the lifeblood of every corporation, but companies have focused on cash inflows instead of improving payment efficiency, according to TIS, a leading enterprise payment optimisation platform provider GTNEWS - THE GLOBAL TREASURER GTNews, part of the Contentive group, is the leading global knowledge resource for more than 65,000 treasury, finance, payments and cash management professionals. Content is updated daily and published onsite, within our twice weekly e-Newsletter and via all GTNews social media channels. Subscribers have access to an archive of more than 9,000+ global treasury articles, news pieces, white WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of SIX REGULATORY CHANGES TO LOOK OUT FOR IN 2021 As the pandemic has impacted treasurers in all sectors on a global scale, even the most pressing issues in finance have been overshadowed. With the transition period ending just before 2020 is out, and LIBOR drawing to a close in just under a year, we looked at the regulatory changes that treasurers should look out for in 2021, and how they should navigate them. INTEREST RATE RISK: FIXED OR FLOATING? Floating can be great, but you can get stung. In exploring over the next couple of articles various aspects of interest rate risk it seems appropriate to firstly address a perennial issue, that of borrowing at a fixed rate of interest or at the prevailing floating rate at any

given point in time

WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. TALKING TREASURY TRENDS Talking treasury trends . In this exclusive interview, The Global Treasurer caught up with Tom Hunt, CTP Director, Treasury Services at the Association for Financial Professionals (AFP) to hear his views on the major trends in treasury, tech adoption across the profession and

much more.

LLOYDS BANK WHOLESALE BANKING & MARKETS Lloyds Bank Wholesale Banking & Markets provides financial services to businesses ranging from privately-owned firms to multinational corporations and financial institutions. The company’s services and solutions include dedicated relationship banking, capital market funding, debt and equity finance and treasury and risk management

services.

on

WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of CORPORATE TREASURERS LOOK TO BANKS AS TECH VENDORS For many treasurers, their primary bank is not only their most important financial relationship but also their largest tech vendor. As the pandemic reaches its one-year milestone, the department has needed to change and adapt to the new ways of working as inefficiencies of physical and manual processes were laid bare. WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. THE PROS AND CONS OF TREASURY CENTRALISATION VIDEO: TREASURERS MUST BE BOLD WITH DIGITAL TRANSFORMATION Video: Treasurers must be bold with digital transformation . In this video, Prabha Viswanathan, Assistant Group Treasurer of Diageo talks to The Global Treasurer’s editor, Austin Clark about the future of digital transformation in the finance function. JACQUES LING, AUTHOR AT THE GLOBAL TREASURER Jacques Ling. Jacques Ling is executive director and senior product manager at J.P. Morgan Treasury Services. Based in Hong Kong, he is responsible for the regional product development, management and implementation of trade finance in Asia Pacific. With over 20 years of experience in the banking industry, Jacques has held various roles in REPUTATIONAL RISK MANAGEMENT: A BANK'S VIEW Early identification and management of reputational risks. Since 2008, Commerzbank has been continually identifying sensitive topic areas that possibly pose environmental or social risks to the Bank including coal, oil and gas, armaments, palm oil or mining. Working closely with Commerzbank’s sales units, part of the role of the Reputational Risk Management department is to identify and BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECH This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF Credit sensitive rate alternatives do not address all of Libor’s weaknesses, says BoE. Credit sensitive rates may present an easy short-term fix but also complex long-term risks, according to Bank of England Governor Andrew Bailey. The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending

on

WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of CORPORATE TREASURERS LOOK TO BANKS AS TECH VENDORS For many treasurers, their primary bank is not only their most important financial relationship but also their largest tech vendor. As the pandemic reaches its one-year milestone, the department has needed to change and adapt to the new ways of working as inefficiencies of physical and manual processes were laid bare. WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. THE PROS AND CONS OF TREASURY CENTRALISATION VIDEO: TREASURERS MUST BE BOLD WITH DIGITAL TRANSFORMATION Video: Treasurers must be bold with digital transformation . In this video, Prabha Viswanathan, Assistant Group Treasurer of Diageo talks to The Global Treasurer’s editor, Austin Clark about the future of digital transformation in the finance function. JACQUES LING, AUTHOR AT THE GLOBAL TREASURER Jacques Ling. Jacques Ling is executive director and senior product manager at J.P. Morgan Treasury Services. Based in Hong Kong, he is responsible for the regional product development, management and implementation of trade finance in Asia Pacific. With over 20 years of experience in the banking industry, Jacques has held various roles in REPUTATIONAL RISK MANAGEMENT: A BANK'S VIEW Early identification and management of reputational risks. Since 2008, Commerzbank has been continually identifying sensitive topic areas that possibly pose environmental or social risks to the Bank including coal, oil and gas, armaments, palm oil or mining. Working closely with Commerzbank’s sales units, part of the role of the Reputational Risk Management department is to identify and BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. Basel III (or the Third Basel Accord) was put in place in 2009, in response to the 2008 financial crisis to work alongside Basel I and Basel II. The new Basel rules, drawn up by the ENTERPRISE PAYMENTS REIMAGINED Enterprise payments reimagined - TIS is leading the way . Liquidity is the lifeblood of every corporation, but companies have focused on cash inflows instead of improving payment efficiency, according to TIS, a leading enterprise payment optimisation platform provider GTNEWS - THE GLOBAL TREASURER GTNews, part of the Contentive group, is the leading global knowledge resource for more than 65,000 treasury, finance, payments and cash management professionals. Content is updated daily and published onsite, within our twice weekly e-Newsletter and via all GTNews social media channels. Subscribers have access to an archive of more than 9,000+ global treasury articles, news pieces, white WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of SIX REGULATORY CHANGES TO LOOK OUT FOR IN 2021 Six regulatory changes to look out for in 2021. As the pandemic has impacted treasurers in all sectors on a global scale, even the most pressing issues in finance have been overshadowed. With the transition period ending just before 2020 is out, and LIBOR drawing to a close in just under a year, we looked at the regulatory changes that AIRLINES IN HEDGING DILEMMA Airlines in hedging dilemma. Hedged fuel prices may be hurting, not helping, the world’s airlines, writes Elizabeth Roscoe. The world has changed dramatically over the past three months. Countries around the world have closed their borders and are asking residents to isolate at home. Whether you live in Amsterdam, New York, or Sydney,

your

INTEREST RATE RISK: FIXED OR FLOATING? Interest rate risk: the fixed versus floating debate. Figure one is a plot many treasurers will be familiar with. It shows that over a series of consecutive three-year periods going back twenty-five years a floating rate borrower pays off approximately 75 percent of the time versus a three-year fixing for the same period. BNP PARIBAS PUSHES TO DIGITALISE POOLING BNP Paribas currently handles cash pooling in more than 50 countries in both single and multi-currencies through a single global platform. “Classical pooling is mono currency,” says Tretyak. “But we can also do it multi-currency by applying the pre-agreed FX rates when performing the sweeping itself.”. “Independently if a client opts LLOYDS BANK WHOLESALE BANKING & MARKETS Lloyds Bank Wholesale Banking & Markets provides financial services to businesses ranging from privately-owned firms to multinational corporations and financial institutions. The company’s services and solutions include dedicated relationship banking, capital market funding, debt and equity finance and treasury and risk management

services.

THE OPTIMUM TREASURY TARGET OPERATING MODEL The Optimum Treasury Target Operating Model. Basel III implementation is all about the Treasury department. Capital and liquidity risk mitigation falls within Treasury, so for regulatory risk reasons alone it is vital that every bank gets the Treasury operating model right. It is a common expression that Finance is not Physics, that there are FP&A: THE RIGHT PATH FOR MOVING TO A CFO ROLE The basic characteristics of the best modern FP&A professionals are: A high level of professionalism in financial planning, forecasting and analysis. Strong skills in business insight, opportunity planning and risk forecasting. A keen eye for detecting business inconsistencies, flaws and under-deliveries. A strong will that can effectively make the case to business owners or boards HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECHDEPARTMENT OF THE TREASUREROFFICE OF THE TREASURERTHE TREASURER SHIP This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger GTNEWS - THE GLOBAL TREASURER GTNews, part of the Contentive group, is the leading global knowledge resource for more than 65,000 treasury, finance, payments and cash management professionals. Content is updated daily and published onsite, within our twice weekly e-Newsletter and via all GTNews social media channels. Subscribers have access to an archive of more than 9,000+ global treasury articles, news pieces, white WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending on credit sensitive rates. “Many of these new credit sensitive rates continue to reference

and when

liquidity drops away they seek to expand their ‘daily’ data sets through the use of rolling windows, giving the appearance of VIDEO: TREASURERS MUST BE BOLD WITH DIGITAL TRANSFORMATION Video: Treasurers must be bold with digital transformation . In this video, Prabha Viswanathan, Assistant Group Treasurer of Diageo talks to The Global Treasurer’s editor, Austin Clark about the future of digital transformation in the finance function. WHAT IS THE FUNCTION OF CORPORATE TREASURY? JACQUES LING, AUTHOR AT THE GLOBAL TREASURER Jacques Ling . Jacques Ling is executive director and senior product manager at J.P. Morgan Treasury Services. Based in Hong Kong, he is responsible for the regional product development, management and implementation of trade finance in Asia Pacific. OUTSOURCING AND THE BANKING SECTOR: PROBLEMS AND PROSPECTS Outsourcing and the banking sector: Problems and prospects . Outsourcing has been around for centuries, but banks are only just now discovering how it can empower overworked and under-resourced treasurers to cut costs and bring added value for investors and

customers.

A SYSTEMS APPROACH TO BANK MANAGEMENT: A SOLUTION Restless Inc. Richard Pascale, 2 a management guru, attributed the success of Honda in the US to its state of restlessness, rapid re-adjustments collectively termed by him as ‘organisational agility’. Agility and its measurement is a key topic on the agenda of most banks. The same state of restlessness was articulated by Andrew Grove as ‘paranoia’ in his famous book. 3 BENEFITS OF BASEL III REGULATION SHOWN BY RECENT ADOPTION Benefits of Basel III regulation shown by recent adoption rates . Recent news reveals that more and more banks are adopting Basel III regulation into their operations, in order to manage their liquidity, supervision and risk. HOMEPAGE - THE GLOBAL TREASUREREVENTSRESOURCESCORPORATE TREASURYBANKINGCASH & LIQUIDITY MANAGEMENTFINTECHDEPARTMENT OF THE TREASUREROFFICE OF THE TREASURERTHE TREASURER SHIP This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this: Hi there! I’m a bike messenger GTNEWS - THE GLOBAL TREASURER GTNews, part of the Contentive group, is the leading global knowledge resource for more than 65,000 treasury, finance, payments and cash management professionals. Content is updated daily and published onsite, within our twice weekly e-Newsletter and via all GTNews social media channels. Subscribers have access to an archive of more than 9,000+ global treasury articles, news pieces, white WHAT ARE TREASURY MANAGEMENT SERVICES? In today’s business world, the outsourcing of treasury functions is an increasing trend. Whether it is liquidity management, payments and FX, receivables management, trade, netting, tax management, bank-fee reconcilement or any other treasury task, the concept of CREDIT SENSITIVE RATE ALTERNATIVES DO NOT ADDRESS ALL OF The Bank of England (BoE) has warned markets not to risk progress made in the Libor transition by depending on credit sensitive rates. “Many of these new credit sensitive rates continue to reference

and when

customers.

given point in time

THE PROS AND CONS OF TREASURY CENTRALISATION This debate over a centralised versus decentralised treasury structure is not a new one. It has long been the source of discussion and frustration for many treasurers and chief financial officers (CFOs). Each structural model offers benefits to the global organisation. Clearly delineating which is superior is a difficult task, and one that requires careful WHAT COMPLIANCE MEANS FOR ELECTRONIC INVOICING This article focuses on legal compliance, specifically what it means for electronic invoices in terms of legal requirements that should be met in order to take the first step towards e-invoicing process automation.. Legal compliance. Generally, legal compliance refers to actions and practices that are executed in accordance with the local laws of a country in which a company operates. LLOYDS BANK WHOLESALE BANKING & MARKETS Lloyds Bank Wholesale Banking & Markets provides financial services to businesses ranging from privately-owned firms to multinational corporations and financial institutions. The company’s services and solutions include dedicated relationship banking, capital market funding, debt and equity finance and treasury and risk management

services.

CREDIT RISK MANAGEMENT PRINCIPLES, TOOLS AND TECHNIQUES Credit risk management principles, tools and techniques . Effective credit risk management is not only necessary to remain compliant in what has become a highly regulated environment, but it can offer a significant business advantage if done correctly, which is why The Global Treasurer has outlined some key principles to help understand the importance of credit risk management. CASE STUDY: COCA-COLA HBC TREASURY TAKES CONTROL OF Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) is the world’s second largest bottler of the Coca-Cola Company’s products and the largest in Europe. Net sales revenue for fiscal 2012 was €6.8bn. Coca-Cola HBC is headquartered in Zug, Switzerland, and has a premium listing on the London Stock Exchange and a secondary listing on the

Athens Exchange.

annual

EBICS VS. SWIFT: MOVING TO A EUROPE-WIDE COMMUNICATIONS Many cash managers of internationally active companies are (still) looking for ways to harmonise their different formats for payments, account information and status reports and want to find these combined in one single format for their company. With messaging standard ISO 20022 common gateway interface (CGI) they appear to have found a way

to achieve

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