16-10-2025 | This session highlighted the critical transition for corporate treasury teams from viewing liquidity solely as a risk control function to embracing it as a strategic asset
09-10-2025 | Banking 4.0 and Banking Innovation Conference – Berlin | Date: 12th & 13th of May 2026
01-10-2025 | Experienced treasurers and market experts come together to show how market signals can shape smarter cash strategies.
24-01-2023 | Ronald Kleverlaan | treasuryXL | LinkedIn | treasuryXL expert Ronald Kleverlaan, een van de meest invloedrijke en kundige mensen in Europa op het gebied van crowdfunding en alternatieve mkb financiering, maakt zeven financiële voorspellingen voor 2023.
25-08-2022 | Stichting MKB Financiering | treasuryXL | LinkedIn |
In 2021 hebben ruim 42.000 bedrijven financiering aangetrokken via non-bancaire financiers. Hiermee werd in totaal voor €3,1 miljard aan financiering verstrekt, een groei van 32% in vergelijking met het jaar er voor. Ruim 1 op de 5 financieringen onder de €1 miljoen is in 2021 al op deze manier verstrekt. Dit blijkt uit het Onderzoek non-bancaire financiering 2021 van Stichting MKB Financiering.
Bron: Stichting MKB Financiering
“Steeds meer ondernemers weten de weg te vinden naar non-bancaire financiers. Toch is het voor veel ondernemers en hun adviseurs nog lastig om de juist keuzes te maken. Daarom is het belangrijk dat de komende jaren er ook actief ingezet wordt op de bekendheid van deze financieringsvormen bij het brede mkb” – Ronald Kleverlaan (Voorzitter Stichting MKB Financiering).
Op factoring en de kredietunies na zijn alle sectoren binnen de non-bancaire financieringsmarkt tussen 2020 en 2021 sterk gegroeid. Daarbij valt voornamelijk de groei van financieringen binnen crowdfunding (124%) en vastgoedfinanciering (87%) op.
Traditioneel zien we dat vooral kleine financieringen worden verstrekt door non-bancaire financiers. Zij zijn gespecialiseerd in financieringen voor het (kleine) mkb.
In 2021 zijn 40.510 financieringen onder een kwart miljoen verstrekt aan ondernemers, voor in totaal €1.7 miljard. Dit is 41% van de totale financieringen onder een kwart miljoen,die verstrekt zijn aan ondernemers in Nederland en een sterke stijging met 2020, toen nog 29,8% non-bancair verstrekt werd aan kleine kredieten.
Opvallende trend is dat non-bancaire financieringen ook steeds groter worden. De snelst groeiende categorie was afgelopen jaar de financieringen van € 250k – 1 mln. Het aantal verstrekkingen is hier met 55% gestegen. Maar ook het aantal nieuw verstrekte financieringen > €1 mln zijn met 37% hard gestegen.
Afgelopen jaar werd al 22% van alle financieringen aan mkb bedrijven < €1 miljoen verstrekt werd via non-bancaire financiers, terwijl dit in 2020 nog maar 17% was.. ontvangen.
De totale omvang van de verstrekte non-bancaire financieringen < € 1 mln. bedroeg afgelopen jaar € 2,49 mld, een stijging van 27%. In totaal hebben 42.236 bedrijven een financiering van < € 1 mln. ontvangen. Over de volle breedte is de non-bancaire mkb financieringsmarkt gegroeid.
Per categorie komt dit neer op:
Het volledige onderzoek met tabellen en grafieken per non-bancaire financieringsvorm is beschikbaar als pdf en te downloaden.
| 16-02-2021 | Evofenedex
In this Webinar held by Evofenedex, we will learn more about Letter of Credits. The Webinar is in Dutch. Be sure to subscribe!
Een Letter of Credit (L/C) is een veelgebruikte betalingsvorm bij internationale handel. Een L/C wordt bijvoorbeeld regelmatig ingezet bij het zakendoen met het Midden- en Verre Oosten. Als je voor het eerst met een L/C wordt geconfronteerd, is het verstandig een zekere basiskennis te hebben. Na het volgen van dit webinar heb je kennis gemaakt met de L/C en weet je wat daarbij komt kijken.
Onderwerp: basiskennis Letters of Credit
Tijd: 10.00-10.45 uur
Spreker: Hans Noordzij, trade finance specialist en docent bij evofenedex
Moderator: Wiemela Mangroo, projectleider bij evofenedex
In dit webinar komen de volgende onderwerpen aan de orde:
| 18-01-2021 | Bas Meijer |
Can you remember when your current Cash Management structure has been set up? Probably at a point in time when there was a refinance, additional funding need or when a new treasurer came on board. The world is changing, your clients and their behavior are changing, therefore probably your Cash Management environment needs changing.
Unfortunately these changes are not automatically translated and implemented into your Cash Management setup. And as not every bank is the same, some banks cannot provide the Cash Management setup your corporate needs.
Reflecting the Cash Management needs every 3-5 years is a good habit. Solutions are evolving, banks are changing their focus & pricing can be renegotiated. But the most important goal is that the Cash Management setup should fit your corporate like a glove, not too big, an certainly not too small.
TreasuryXL has multiple experienced Treasures with up-to-date knowledge and experience, who can help your organisation to achieve these goals. Maybe your corporate is ready to take the next step, or your Cash Management infra structure is outdated. Is there need for automation, independent banking portal, TMS or market data provider?
From experience this review brings a contribution to the bottom line. But not only in money, also in speed and accuracy. With new tooling your current choices can be reviewed in time, which helps you to make the next steps down the road. The Treasury Department is never static, and should always adapt to the changing environment. Make sure that your Treasury function, how big or small, fits like a glove to the needs of the corporate!
Treasury Specialist
| 15-12-2020 | Bas Meijer |
Temporary staff in general is looked at as ‘too expensive’ . When turnover is showing headwind, or management is under pressure by internal- or external stakeholders, cost saving is the first instrument management uses.
Agreements with expensive temporary staff is ended and fixed employees are asked to go the extra mile. This is not the case for all financial expertise.
The interim Treasurer is a good example. In the past 20 years I have experienced that interim Treasurers are able to create value to the company, and add contribution to your bottom line. In some assignments this was 1-2% of the turnover.
In general the interim treasurer should be able to have a rate of return of 3-6 months, based on a 1 year assignment. The revenue will not be limited to this 1 year assignment, but last much longer. I have experienced a much shorter period, up to 4-6 weeks.
Are you interested in cost saving, and attribution to your bottom line? Do not just let your expertise walk out of the door, but hire an interim treasurer for an analyses on the potential cost saving for your organisation. You’ll be surprised what an added value an interim treasurer can bring to your organisation.
Treasury Specialist
| 07-12-2020 | Mark Roelands | treasuryXL
This series on alternative risk financing has been about alternatives to traditional insurance, which get are more important role in the current hard insurance environment. How to build the business case is explored in Part 2 and the alternative structure of Cell Companies is explained in Part 3. The last part of the 2020 series is about the future of alternative risk financing, risk trading and the role of treasury in insurance.
In a data driven era, with rapid advancing capabilities there may be more efficient manners to transfer or share risk, insight into risk scan be increased as well as the subsequent possibilities to retain or transfer. Although this is an outlook into the (not too distant) future, it is important to be aware of developments and get into the position to benefit from these developments preparing for 2021 and beyond, the hard market isn’t just a 2020 phenomenon.
Obviously, risk management is a critical part of Treasury processes. The scope of risks to be managed however within Treasury varies significantly between companies. Common risks in scope include operational risks within payment processes and financial risks like currency risk and interest rate risk. Insurable risks (like property damage and general liability) can be part of Treasury responsibilities, but can be part of legal or enterprise risk as well. Often this relates the the nature of the business as well as the size of the company. For instance, high liability type of businesses often have insurance within a legal function.
With advances in data as well as the analytics capabilities it is possible to expand the scope of insurable risks and thereby the responsibilities of Treasury. As will be explored, with further advances insurance is similar to hedging. This then comes down to matching the risk exposure with the transfer instrument, can this be matched appropriately?
Traditional insurance is well suited to high frequency, low severity events which is covered in the lower part (in terms of limits) of the corporate insurance program. A captive might be part of that area of risk as well, which has a higher degree of predictability. A multitude of small-scale losses are easier to model and manage due to the richness of historic data and the fact that the law of large numbers will enable accurate macro level predictions. Indemnity cover is based on carefully drafted wordings, and a loss has to be established before ultimately (which may take some time) a claim payment is made. The principle of parametric insurance intends to speed this process up to a great degree, as shown below.
This is not intended to declare the end of indemnity cover, this can still be highly efficient. But parametric insurance is increasingly important to complements this traditional approach to improve both the efficiency as well as effectiveness of cover.
Critical is the carefully constructed payout trigger. Traditionally this has been weather related like rainfall or windspeed at a certain weather station. This is increasingly tailor made with on-site weather stations preventing any mismatch in hitting a trigger (“basis risk”). Next to that other perils are increasingly possible, production downtime for instance can be objective measured. Lockdown measures also provide a clear objective trigger, and this is being discussed extensively. With increasing amounts of data and advanced data analytics minimizing a potential mismatch can be done objectively for a large range of perils. Basis Risk in that sense is the equivalent of retained risks in indemnity cover.
Enabling parametric cover does however mean that data should be available as well is a clearly defined model how trigger and potential loss relate. That means that (risk) data needs to be governed and managed, ensuring good quality data available to the treasurer. This may also imply that the treasury or insurance professional needs to tap into more data sources in order to model the trigger and exposure optimally.
Parametric insurance was initially developed in the form of catastrophe bonds to provide extra reinsurance capital for major disasters. Still very often this is based on large volume transactions. Global capital markets dwarf reinsurance markets in terms of capacity. The Aon Reinsurance report 2020 estimates the global pool of reinsurer capital is $532bn. This is tiny when compared to the global equity market of $75tr, a global bond market of $100tr and a global derivatives market with a notional principal value of $700tr. Insurance provides a very interesting type of risk which is not or limited correlated with traditional investment risks and provides a very interesting new asset class. Being able to transact in smaller volume, while remaining the good trigger-exposure link is a challenge, but this is being resolved with a Risk Trading platform like Ryskex.
An In-house Bank structure is common treasury terminology, the in-house insurance structure is that fors ome treasurers. A Risk Trading hub enables to integrate the best of both worlds and create a shared risk pooling vehicle enabling efficient and effective sharing of risks within the organisation.
A key feature in this approach is Treasury Technology. The Treasury Management Platform or the Trading platform which most (dedicated) treasuries use will inevitably play a key role in the infrastructure of the Risk Trading hub. They provide the centralised point of entry and point of control for trading. Via API or other connectivity the link to a Ryskex platform is possible and allows the treasurer to trade a ‘traditional’ insurance risk as easily as USD risk, hedging any risks that the treasurer isn’t willing to retain.
Whether it is possible to have a parametric trigger or a step further to trade risks is work-in-progress, but as corporate insurance manager, treasurer, captive manager it is critical that initial steps are already being taken. Are you in control of your risk data (which is broader than an historical claims overview)? Which data are you able to utilize and is the data quality being managed? The roadmap for a future proof treasury starts today.
Risk and Compliance Specialist
| 30-11-2020 | Bas Meijer |
Corporate firms have the primary objective to be profitable. From a Treasury perspective, the main goal is to increase cash and add value. Nowadays, an increasing amount of Corporate firms engage in international business. Therefore these firms can be exposed to unrelated business exposure, such as interest rates, FX and commodities pricing depending on the business model pursued.
How do you deal with potential orders with these kind of exposure? I have seen companies going bankrupt because they did not (fully) hedge their potential orders and applied the wrong instruments.
In order to hedge, the distinction must be made between the type of exposure:
Both types of exposures need different products to be eliminated. Do all exposures need to be hedged? No. Transactional exposures should be fully hedged. Internal loans or hidden equity not always. In general, equity is not hedged. Internal loans depends in the way these are structured. In which currency is the loan granted, what are the cash flows etc. This is tailor made.
The Natural hedge myths: there is only a natural hedge if the cash-in and cash-out are in similar currency and at approximately the same time, and applicable to transaction exposure only. This means that there is hardly any natural hedge.
Finally the holistic approach: some providers are selling holistic hedges. In general these are based on statistical studies. Holistic hedge approach adds uncorrelated exposure to the corporates, with the goal to lower the total exposure. In the world of statistics there is always room for error. When using this approach, the corporate firms should be aware of this. Not only the board, but also the auditors. I have seen enormous errors on this approach, resulting in not eliminating the risk but increasing the risk.
Is hedging expensive? No. There are many different ways to hedge the exposures, and there are many different providers to do this. Some of these are too expensive. Use a Treasury Specialist to analyse the cost of hedging and come up with alternatives. The Treasury Specialist has a high rate of return and attributes to the bottom for years to come.
More important is to quantify your exposures. The exposures are not limited to the cash flow only, but can also be embedded in your processes. Using a Treasury Specialist will lower your cost of hedging, assures that your organisation hedges the correct exposure with the right instruments, can massively attributes to the bottom line and protect you of becoming tomorrow’s news.
Thanks for reading, comments are welcome!
Treasury Specialist