Entries by treasuryXL

How long can interest rates stay so low?

| 08-09-2016 | Lionel Pavey | How long can interest rates stay so low? When we talk about interest rates, it is helpful if we know the basic theory of how the level of an interest rate is determined.Classical thinking states that there are 5 components in interest rates (x).   5 Components in interest rates: […]

Instant Payments: major innovation ahead! How fast is “the new normal”?

| 07-09-2016 | Boudewijn Schenkels | Imagine it will be possible to transfer money within several seconds from any bank account to another bank account. 24 hours a day, 7 days a week. It will open large business opportunities enabling many innovative payments use cases. After the introduction of SEPA the market is ready for […]

Managing interest rate and liquidity risk

| 06-09-2016 | Rob Söentken |   Funding is one of the key focus areas of a treasurer. There are numerous dimensions to funding: 1. Assessing amount and timing of cashflows 2. Arranging access to funding 3. Developing and implementing hedging policy 4. Optimizing funding cost and risk Assessing amount and timing of cashflows Assessing […]

Blockchain: Some remarkable announcements part II

| 05-09-2016 | Carlo de Meijer | While Blockchain is seen by many as a network phenomenon that needs large market participation, collaboration and interoperability to succeed, both R3CEV and a group of four large global banks came with announcements that are at least a bit remarkable. The bank-backed consortium had filed for a patent […]

Che Guevara, Musk and 0%. Whose story do you listen to?

| 02-09-2016 | Pieter de Kiewit | In 2015 the Dutch writer Joris Luyendijk published his book “Dit kan niet waar zijn” about the workings of financial markets. An interesting read for all treasuryXL followers and by now, quite well-known. In my perception one of his earlier works is even better. “Het zijn net mensen” […]

Managing cash across borders

| 01-09-2016 | Olivier Werlingshoff | ING has launched a tool for managing cash across borders. Dubbed Virtual Cash Management (VCM), the solution, announced on the 24th of August, provides an array of digital solutions for corporate treasurers, including internal transfers, reconciliation and invoice matching. It also supports payment-on-behalf-of subsidiaries transactions, as well as collection-on-behalf-of subsidiaries transactions. […]

How to: Opstellen van een Cash Flow overzicht

| 31-08-2016 | Maarten Verheul | Cash is king, en met een goede liquiditeitsprognose kunnen financials inzichtelijk maken hoe een bedrijf er nu en in de toekomst voor staat. Dat deze liquiditeitsprognose veel vragen oproept, blijkt uit het feit, dat slecht 10% van de bedrijven zo ’n overzicht maakt. Daarom 10 tips voor financials die […]

Payment fraud – Leoni case

| 30-08-2016 | Udo Rademakers | At the 5th of August I wrote an article regarding payment fraud. Not even two weeks later, Leoni, an automotive company in Germany with EUR 4.5b turnover, has been the victim of massive fraud where USD 40m has been wired … to a crime organization. “Leoni realized it had […]

Blockchain: Some remarkable announcements part I

| 29-08-2016 | Carlo de Meijer | While Blockchain is seen by many as a network phenomenon that needs large market participation, collaboration and interoperability to succeed, both R3CEV and a group of four large global banks came with announcements that are at least a bit remarkable. The bank-backed consortium had filed for a patent […]

Why companies still use Excel

| 25-08-2016 | Lionel Pavey | Do you still rely on spreadsheets in your daily treasury operations? We have read multiple articles on this subject lately and we decided to ask our community: Why do treasurers still rely on spreadsheets? Yesterday Jan Meulendijks gave us his opinion on the topic. Today expert Lionel Pavey talks about the benefits of […]