Entries by treasuryXL

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 […]

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 […]