The world’s largest treasury event is returning to Vienna in September | 10% discount via treasuryXL

09-05-2022 | Eurofinance | treasuryXL |

 

EuroFinance International Treasury Management, the world’s largest and most influential treasury event, will take place in Vienna from September 21st-23rd 2022. Returning in-person after 3 years with more than 2000 attendees including 150 world-class speakers, the event offers unparalleled networking and insights from the world’s most senior corporate treasurers. treasuryXL is proud media partner of the 31st edition of the EuroFinance event.

Why attend?

  • Be inspired by headline speakers as they interrogate a changed world including Guy Verhofstadt, member of the European Parliament and Göran Carstedt, former corporate executive of Volvo and IKEA
  • Get practical solutions to treasury challenges with new case studies and immersive discovery labs
  • Hear from the disruptors at the new The Future of Money Stage
  • Delve into the latest innovations and new technology driving change, and how to apply them to your treasury
  • Meet with more than 100 banking and tech partners and join forces to innovate and shape the future

 

For the full agenda and to register, please click here

TreasuryXL contacts can claim a 10% discount with code: MKTG/TXL10

 

Attend the 33rd Finance Symposium | 18-20 May 2022 | Mannheim

20-04-2022 | treasuryXL | LinkedIn |

 

The treasury and finance community finally meets in person again. treasuryXL is proud media partner of the 33rd Finance Symposium.

 

 

For more than 30 years, the Finance Symposium has developed into the most important industry gathering for treasurers and finance managers in the German-speaking world. Every year, around 2,300 finance experts meet to discuss together, make contacts and receive new impetus. The outstanding congress program offers visitors a broad spectrum of professionally challenging topics from finance and treasury management in three days. In over 170 forums, workshops and expert panels, participants will learn about the latest developments in finance and treasury.

 

 

The speakers are high-ranking finance managers from major companies and prominent guests from politics and business. For example, in 2022 Martin Schulz, former President of the European Parliament , and Verena Pausder, entrepreneur and expert in digital education, could be won for exciting presentations and discussions. The most important banks, system providers and financial service providers in the industry will present themselves on 1,000 m2 of exhibition space.

For more information and tickets, visit: www.finanzsymposium.com

 

 

 

Kendra Keydeniers

Director, Community & Partners at treasuryXL

 

 

 

 

Your free eBook, What is Treasury?

13-04-2022 | treasuryXL | LinkedIn |

 

Receive your eBook What is Treasury? after subscribing to the free treasuryXL weekly newsletter.

The world of Treasury is a complex topic. Many people will think about pirates and big see ships that sank deep into the bottom of the ocean including their ‘treasure’. A mystery treasure map will lead the finder to a treasure worth a lot of money. In some way Treasury and Treasure have similarities, it is about money and other valuables.

Are you having a hard time how to explain what treasury is to family, friends and colleagues? Or are you interested to learn more about the World of Treasury?

 

Subscribe and Download

treasuryXL created a 41 pages eBook for the corporate treasurers and the world of finance addict.

This eBook is designed to answer layman questions about the function of Treasury. treasuryXL bundled the most important information for you and created an easy to read and understand articles about the main subjects within the World of Treasury:

This ebook will answer your questions about Treasury topics.

treasuryXL explains the purpose of each Treasury function; what specialists do, examples of activities, FAQs, and a summary.

This ebook is based on the most relevant best practices that Treasury experts provided over the last years. On the website of treasuryXL you can explore additional information on the latest in Corporate Treasury.

 

HAVE FUN READING!

 

 

Kendra Keydeniers

Director, Community & Partners at treasuryXL

 

 

 

 

EuroFinance International Treasury Management returns to Vienna | 21-23 September 2022

08-04-2022 | Eurofinance | treasuryXL |

 

Featuring keynote speakers, Guy Verhofstadt and Göran Carstedt…

The 31st annual EuroFinance International Treasury Management 2022 will return this September with more than 2,000 attendees, 150 speakers, 100 sponsors and exhibitors.

 

 

For the first in-person event in three years, EuroFinance International Treasury Management keynote speakers will include Guy Verhofstadt, member of the European Parliament and Göran Carstedt, former corporate executive of Volvo and IKEA.

The full line-up brings more than 150 global corporate treasury leaders, financial institutions, technology providers and thought-leaders together to discuss the theme “Treasury in transition”, across 12 stages at Vienna’s Messe Wien Exhibition Congress Center from September 21st-23rd 2022.

Guy Verhofstadt is a Member of the European Parliament and co-chair of the Conference on the Future of Europe. He served as prime minister of Belgium from 1999 until 2008 and also made a name for himself as Brexit coordinator and as a passionate champion of more European integration. He will give the opening keynote on day 1.

Dr Göran Carstedt is the former head of IKEA North America and IKEA Retail Europe and former head of VOLVO France and Volvo Sweden. Having run some of the world’s leading companies, Dr Carstedt is also the former senior director of President Clinton’s Climate Change Initiative. He will give the opening keynote presentation on day 2 on how climate change is changing business.

Corporate treasury leaders from some of the world’s top multinationals – including TechnipFMC, Citrix Systems, Kongsberg Automotive, Autoneum, Equinor, Heinz, Medtronic, John Lewis – have also been confirmed.

 

“We look forward to seeing people connecting and collaborating face-to-face once again in Vienna. It’s great to see live events bouncing back across the world and from the response we have had so far,  it’s clear that our community of speakers, banks and technology providers are eager to meet in-person after 2 years of virtual meetings.” says Asif Chaudhury, Managing Director of EuroFinance.

 

Irreversibly changed after the events of the past few years, this year’s theme will explore the “new” treasury; a highly digital and automated function tasked with meeting strategic goals and changing remits against a backdrop of multiple issues from climate change to high inflation. Treasurers will share their experience in practical case studies and technical discovery labs and celebrate the innovations that will drive change.

EuroFinance’s growing list of sponsors and exhibitors for the event includes  J.P. Morgan Chase, Standard Chartered, Citi, Bank of America, BNP Paribas,, Fitch Group, HSBC, Santander Corporate & Investment Banking, Visa, Société Générale, ION, TIS, Remote Technology, B2C2, American Express, Bayerische Landesbank, UniCredit, PrimeRevenue, Northern Trust Asset Management, Credit Agricole, Zanders, ICD, Pictet Asset Management, Raiffeisen Bank, BlackRock, Legal and General, Tietoevry, Amundi, CMSpi, Nomentia, Aviva Investors Global Services, CashAnalytics, Treasury Systems, CoCoNet, Exalog, Traxpay, SisID, Finastra.

For more information and to register, visit: https://www.eurofinance.com/international

About EuroFinance

EuroFinance, part of The Economist Group, is a leading global provider of treasury, cash management and risk events, research and training. With over 30 years of experience, our mission is to bring together the brightest minds and most influential voices in treasury. Through in-depth research with 1,000 corporate treasury professionals every year, we have a unique insight into the trends and developments within the profession and an unrivalled global viewpoint.

Contacts

Marianne Ford
Senior Marketing Manager
EuroFinance

Economist Impact
[email protected]

 

 

Digital rules (URDTT) for Trade Finance: Episode 3

17-03-2022 | Wim Kok | treasuryXL | LinkedIn |

Episode 3 of a series of educational videos on URDTT (Uniform Rules for Digital Trade Transactions) is now available. Please take a look and let me know what you think. Episodes 1 & 2 are, of course, still available on our YouTube channel.

 

 

Trade Advisory Network Limited and treasuryXL Trade Finance experts launched their third episode of a series of free, educational videos on URDTT. There will be 6 episodes in total covering all aspects of the development, interpretation, and application of URDTT in the context of a digital trade strategy. In the upcoming months, you can expect one educational video per month.

What can you expect in the third episode?

In this session, we look at the parties involved in a Digital Trade Transaction (DTT). We start with the principal parties – the seller and the buyer – and then move on to the financial services provider, and finally cover any other parties that might be involved.

Duration: 14.46 min

WATCH NOW FOR FREE

Enjoy, explore and develop!

Interested to know more about this topic and the upcoming educational videos? Contact our Expert Wim Kok.

 

Wim Kok

International Business Consultant
Trade Finance Specialist

 

 

 

 

Effective Finance & Treasury in Africa event run by EuroFinance | London

23-02-2022 | Eurofinance | treasuryXL |

 

If your company operates in Africa or is thinking about it, then join us at Effective Finance & Treasury in Africa on March 23rd in London. Now in its 9th year, this intimate event brings together more than 150 senior corporate treasury professionals from leading multinationals – all involved in markets across the continent.

With peer-to-peer learning and knowledge-sharing more important than ever before, join other treasury leaders to debate the key issues, share success stories and gain practical guidance on how to overcome your shared challenges.

From treasury technology to managing liquidity risks, financing strategies, FX, payments and more, the concise 1 day agenda will provide all the information you need to redesign your treasury operations for cost and efficiency, power innovation and support business growth.

Speakers include:

Jan Beukes, Group treasurer, MultiChoice Group Ltd

Omofolake Fawibe, Head of finance, IBS, Danone SA

Ricky Brink, Treasury professional, Siemens SA

Titus Owoeye, Head finance, Fan Milk West Africa

Gain all the tools you need to succeed in Africa in 2022 and beyond.

 

Registration is open – find out more and register now.

 

 

 

The Evolution of Legal Documents, The Next Step

22-02-2022 | Wim Kok | treasuryXL | LinkedIn |

 

A fantastic end-to-end digital journey has begun to create a paperless supply chain ecosystem for the benefit of all parties concerned in the documentary (paper heavy) Supply Chain settlements of today.

EVOLUTION OF LEGAL DOCUMENTS, THE NEXT STEP

For this Enigo AB (www.Enigio.com) started at the basis of the current standard, the paper document. A clean sheet of paper!

A large share of the communication in a trade finance transaction is already digitalised. Banks structure customer communication through portals, negotiate via safe e-mail and sign using e-signatures, not to forget SWIFT which has already enabled the digitalisation of many products and process steps between banks. A major obstacle for achieving a completely digital trade finance world has been the requirements to be able to manage and present documents in their original form. Enigio’s focus has therefore been to create a digital document with the same properties as its paper equivalent. The trace:original document is designed to be able to hold all necessary data to execute a transaction and at the same time not being tied to any specific transaction infrastructure. More importantly it can also be managed by anyone with access to a computer and the internet.

 

How does the solution work? Watch below video:

 

Following the accelerating momentum (after and pushed by the Covid pandemic), we see changing environment in the banking landscape, which is becoming rapidly more adoptive for transformation, especially digitalisation of the paper heavy trade documentation evidencing import- and export transactions. Both infrastructures, paper and digital documents must co-exist. There will be countries being early digital adopters and others lagging. An infrastructure agnostic digital trade finance document of any type can serve all the aspects of the global digital ambition extremely well. Interoperability can be achieved on different levels and by using different tools. One of the most forceful ways of achieving interoperability is by standardisation of data definitions and data formats. Json Schemas and the trace:original document is a perfect connector to achieve digital interoperability not only between blockchain based trade finance platforms but for all trade finance platforms.

The banks’ lack of investment decisions for end-to-end digitised trade processes impacting their customers have created a large cost effect on corporations.

  • Banks additionally impose costs on their corporate customers as they lack strategic vision on operative and compliance issues. Still manual or dual processes that are partly broken and very costly for all parties
  • Banks also impose costs internally for front, middle and back-office and create compliance risks with manual or partly manual processes
  • Trade finance digitalisation is a strategic issue for a bank and its corporate customers and is undergoing rapid change
  • Many solutions and offerings to choose from but a lack of basic digital standards internally and when interacting with others
  • Cost and risk/AML issues for all parties
  • Bank’s role is to help to prioritise the trade finance short-term initiatives that will support corporate treasuries long-term objectives
  • Banks should be firm with their opinion about coherent direction and help corporates to reduce the uncertainty that comes with trade finance digitalisation.

 

Conclusion

 

 

Footnote: further detail to be found on the website: www.Enigio.com

  • Several whitepapers
  • Walkthrough gallery of (1min.) YouTube videos explaining product usage very clear
  • Modules for bank guarantees, Standby L/Cs, Prom Notes, Bills of Exchange and eB/Ls

 

Thank for reading and stay tuned!

 

Wim Kok

International Business Consultant
Trade Finance Specialist

 

 

 

 

Digital rules (URDTT) for Trade Finance: Episode 2

10-02-2022 | Wim Kok | treasuryXL | LinkedIn |

Episode 2 of our series of educational videos is now available. Please take a look and let me know what you think. Episode 1 is, of course, still available on our YouTube channel.

 

 

Trade Advisory Network Limited and treasuryXL Trade Finance experts launched their second episode of a series of free, educational videos on URDTT. There will be 6 episodes in total covering all aspects of the development, interpretation, and application of URDTT in the context of a digital trade strategy. In the upcoming months, you can expect one educational video per month.

What can you expect in the second episode?

Episode 2 of this series of videos focuses on URDTT (Uniform Rules for Digital Trade Transactions).  Subsequent episodes will focus on the use of electronic records, payment obligations and, the role of banks/non-bank financial service providers.

Duration: 11.38 min

WATCH NOW FOR FREE

Enjoy, explore and develop!

Interested to know more about this topic and the upcoming educational videos? Contact our Expert Wim Kok.

 

Wim Kok

International Business Consultant
Trade Finance Specialist

 

 

 

 

Digital rules (URDTT) for Trade Finance: What, How and When?

10-01-2022 | Wim Kok | treasuryXL | LinkedIn

 

Watch Episode 1 of a series of free, educational videos focusing on Uniform Rules for Digital Trade Transactions (URDTT)

 

 

Trade Advisory Network Limited and treasuryXL Trade Finance experts launched their first episodes of a series of free, educational videos on URDTT. There will be 6 episodes in total covering all aspects of the development, interpretation, and application of URDTT in the context of a digital trade strategy. In the upcoming 6 months you can expect one educational video per month.

What can you expect in the first episode?

This first episode focuses on the background to the decision to create a new set of rules for digital trade transactions and provides definitions of some of the most important terms. Subsequent episodes will focus on the use of electronic records, payment obligations and, the role of banks/non-bank financial service providers.

Duration: 19.20 min

WATCH NOW FOR FREE

Enjoy, explore and develop!

Interested to know more about this topic and the upcoming educational videos? Contact our Expert Wim Kok.

 

Wim Kok

International Business Consultant
Trade Finance Specialist

 

 

 

 

Trade Finance for Treasurers

23-11-2021 | Wim Kok | treasuryXL | LinkedIn

The current global trading environment has exposed new complexities and heightened risks associated with international trade, notably through Covid 19. Following the latest studies (* ADB) the global trade finance gap grew to an all-time high of USD 1,7 trillion. Especially for SME sector (being hardest hit) the availability of bank liquidity and credit is increasingly under pressure. As a result, the playing field of international trade needs greater focus on understanding and mitigating risks and making use of new opportunities in the accelerating digital world of Trade Finance.

“Following the latest studies (* ADB) the global trade finance gap grew to an all-time high of USD 1,7 trillion.”

The ability to quickly access cost-effective financing when and where it is needed is key for also treasury departments. The new challenges and rapid changing finance landscape prompts many Corporate Treasurers to re-educate themselves and/or seek specialized expertise from trusted advisors, identify new and reliable alternative funding sources, streamline their digital journeys and current (internal) processes to achieve additional efficiency, transparency and cost reduction.

The use of Trade Finance solutions via (mostly standard and “old”) banking products goes way back in history to the golden age (Bill of exchange and promissory note financing). Our TreasuryXL expert Wim Kok can guide and advise you on the roles of banks and other key players, including emerging Fintech providers, insurers and alternative providers. It is essential for the Treasury department to address the needs and or pain points of the company select the most appropriate solution or partner to solve the problems or make use of new opportunities.

To give you an idea of ​​the regular trade finance products that are available to facilitate trade, we list the instruments below.

Why is Trade Finance so Important to Corporate Treasurers?

  • Obtaining liquidity using risk mitigation and financing options from international trade transactions
  • The role of banks in trade finance products (risk mitigation / financing and transaction processing)
  • Obtaining insight into the various trading conditions (Incoterms), the additional securities (title of documents, warehouse warrants) and credit insurance principles

Below is a brief overview of the most commonly used trade finance instruments, i.e.

  • Documentary Letters of Credit (import, export), Stand-by LCs, Guarantees and Indemnities.
  • Documentary Collections (CAA, CAD) – Bills of exchange and Promissory notes. Obtaining liquidity through discounting the instruments (with or without recourse).

Besides the classical trade finance banking products liquidity techniques such Receivable Finance or the Factoring of complete debtor portfolios (with or without credit insurance) are also frequently in the industry.

Your TreasuryXL trusted advisor Wim Kok is available for advice on the use of the various trade finance products or techniques.

Whereas the majority of trade finance products are (mostly) standardized and in international accepted format that are subject and adhere to the various international rules issued by the ICC** to name a few: UCP 600, ISP98, URDG758 and Incoterms etc.

 

Wim Kok

International Business Consultant
Trade Finance Specialist

 

 

 

 

 

*The global trade finance gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from two years earlier, as the pandemic heightened economic and financial uncertainties and devastated global trade, according to the latest Trade Finance Gaps, Growth, and Jobs Survey, released today by the Asian Development Bank (ADB).

**ICC Headquarters 33-43 avenue du Président Wilson 75116 Paris, France Tel: +33 (0) 1 49 53 28 28 Fax: + 33 (0) 1 86 26 67 44 Email: [email protected]