Entries by treasuryXL

Are public debts sustainable?

| 19-02-2018 | treasuryXL | A few weeks ago the EU Commission released a report on debt sustainability within the EU. It provides an overview of the challenges faced by member countries over the short, medium and long term to meet the original convergence criteria – specifically, that existing Government debt is less than 60% […]

IFRS 16 – a new lease of life

| 16-02-2018 | Lionel Pavey | Leasing is a common method used in business to benefit from using an asset. The part owning the asset is called the lessor who agrees to allow the user – the lessee – to use the asset, in return for a rental fee. The lessee also has to agree […]

GDPR and its effects on the bottom line

| 15-02-2018 | treasuryXL | On the 25th May 2018, GDPR – regulation by the European union – will come into effect. It requires any company that does business within the EU to protect the privacy relating to the data held on consumers, as well as restricting the types of data that can be collected. […]

De 403-verklaring van Shell inzake de NAM. Een analyse.

| 14-02-2018 | Theo Paardekooper |   De juridische en fiscale structuur van een groep van ondernemingen is een belangrijk onderdeel van het framework waarin een treasurer zijn werkzaamheden verricht. Bij het aangaan van aansprakelijkheid voor het uitvoeren van een groot bouwkundig project, het geven van borgstelling voor financieringen en het sluiten van cashpools is […]

Can it all be about the Treasury yield?

| 13-02-2018 | treasuryXL | Since the beginning of February there has seen large declines in all the major stock markets – Dow Jones down 9%, AEX down 7%, DAX down 7%, FTSE down 5%. The major reason given is that the market has been disturbed by the thought that interest rates in the US […]

TREASURY FOR NON-TREASURERS: The good, the bad and the ugly of outsourcing

| 12-02-2018 | treasuryXL | In January 2018, Carillion – a British construction, engineering and facilities company – entered into liquidation. They had been in existence since 1999 after a demerger from Tarmac, which had been founded in 1903. They were the second largest construction company in the British isles, employing more than 40,000 people […]

IBM-Maersk Blockchain Platform: Breakthrough for Supply Chain?

| 09-02-2018 | Carlo de Meijer | There are various signals that a number of corporates are moving their blockchain projects towards production. We recently have seen the announcement of the IBM – Maersk project, to create a blockchain based corporate. If accepted in a sufficient way by the various players in the shipping industry […]

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 […]