Entries by treasuryXL

Davos, interest rates and secular stagnation

| 08-02-2018 | Lionel Pavey |   Two weeks ago there was the annual meeting of more than 2,000 politicians, business people, economists etc. at the World Economic Forum. For 4 days the most pressing and urgent topics facing the world were discussed. Sifting through all the speeches and press statements, I saw a lot […]

The strength of the EUR or the weakness of the USD

| 07-02-2018 | treasuryXL | There has been a significant rise in the value of the EUR in the last year compared to the USD. From a low of USD 1.05 around the end of February 2017, the EUR has climbed up to USD 1.25 – representing an increase of around 20 per cent. Analysts […]

Bank fee monitoring – more than just “penny pinching”

| 06-02-2018 | TIPCO | Sponsored content | The electronic analysis of bank fees not only cuts costs but also helps to sustainably improve the quality of treasury processes. Monitoring bank fees is not a task which is particularly popular in treasury departments. The idea of working through stacks of paper in the hope of understanding […]

Digital currency – to bitcoin a phrase

| 05-02-2018 | treasuryXL | These are volatile times in the world of Bitcoin and all other cryptocurrencies. Over the last 2 months there have been large swings in the price – price opened up around USD 10,000 at the start of December 2017 and then roared ahead to over USD 19,000; this was followed […]

Cash Pooling – where is the money

| 01-02-2018 | François de Witte | The main objectives of the cash & liquidity management are to: Have the cash funds available to meet all known and unknown commitments In the right currency In the right place At the right time Optimize the return of the cash and/or minimize the cost of the short […]

Liquidity Management – show me the money

| 31-01-2018 | treasuryXL | Treasury is a function which entails many different roles and responsibilities. The main task is to monitor and manage the cash within a company ensuring there is sufficient liquidity. This means monitoring all the cash flows – both inflow and outflow, together with the sources of the flows – current […]

Do treasurers really need instant payments? some implications.

| 30-01-2018 | Patrick Kunz |   Per 13 January 2018 we have a new payments service directive (nr. 2) live in the European union, PSD2 for short. One part of PSD2 is the possibility for banks to offer instant payments between banks in the EU. Within max 10 seconds money flows from one bank […]

Beware of Greeks bearing bonds

| 29-01-2018 | Lionel Pavey | Over the last year there have been impressive price gains in Greek Government bonds leading to equally impressive falls in yields. Greek 2-year bonds are now yielding 1.35% – down from around 7% at the start of 2017. Similarly, 10-year bonds are now yielding 3.66% – a significant fall […]

It’s India, you stupid

| 26-01-2018 | Rob Beemster | In our daily business, we attend to corporations and institutions in their foreign activities.  We notice among our clients more and more attention and interest in India.  Several of our clients have invested in factories, what can be economically seen as Foreign Direct Investment in India. Others are increasing […]

BEPS and its impact on Corporate Treasury

| 25-01-2018 | treasuryXL | The BEPS (base erosion and profit shifting) initiative is an OECD initiative, approved by the G20, to identify over a period to December 2015, ways of providing more standardised tax rules globally. Phases two and three involve implementation and monitoring (together with some remaining standard setting and clarification). BEPS is […]