#6 Not having a Grip on Compliance (Dutch Item)

02-09-2021 | XE |

Regulatory compliance must be an absolute priority for all organisations involved in foreign exchange transactions with foreign customers and suppliers. You must implement robust procedures to generate the information that your foreign exchange providers must legally have in order to carry out transactions on your behalf.

Als u dat niet doet, loopt u het risico dat betalingen niet op tijd worden verwerkt, waardoor uw relatie met leveranciers en klanten onder druk komt te staan of zelfs uw toeleveringsketen verstoord wordt. Ook uw cashflow kan in gevaar komen. Ondanks deze noodzaak is vertraging door regelgeving een veelvoorkomend probleem bij vreemde valuta. Financiële instellingen moeten zich aan strikte regels houden wanneer zij valutatransacties uitvoeren namens hun klanten. Volgens wetgeving om witwassen en andere verdachte praktijken tegen te gaan, moeten zij de identiteit controleren van alle partijen waarmee ze zaken doen, waaronder de buitenlandse partijen waarmee uw bedrijf contact heeft. Vertragingen in het verificatieproces kunnen de uitvoering van uw transactie vertragen.

“Bescherm uw cashflow, uw toeleveringsketen en uw relatie met leveranciers en klanten.”

U moet ook oppassen dat u niet verstrikt raakt in onbekende buitenlandse bankgegevens. Bankgegevens in eigen land zijn gestandaardiseerd, maar internationaal kan dat van land tot land
verschillen en kunt u te maken krijgen met internationale rekeningnummers (IBAN), bankidentificatiecodes (BIC) en andere gegevens.

Uw valutaprovider moet u kunnen helpen deze potentieel verwarrende variaties te verwerken en tegelijkertijd de geldende regels na te leven. Worden er bijvoorbeeld online systemen gebruikt om de invoer van gegevens te automatiseren, waardoor fouten of ontbrekende gegevens snel ontdekt kunnen worden die anders uw betaling zouden kunnen vertragen? Geeft uw provider eenvoudig advies zonder gebruik van jargon over de gegevens die u nodig hebt van buitenlandse partijen en waar u die kunt vinden? Kan uw provider betaalgegevens in zijn systemen bewaren zodat u ze niet bij elke volgende transactie opnieuw hoeft in te voeren?

Als u niet precies weet hoe u ervoor zorgt dat u de regelgeving naleeft, bespreek dat dan met een gespecialiseerde valutaprovider.

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Identifying Types of Fraud/Scams

26-08-2021 | treasuryXL | XE |

Knowledge is power. When it comes to avoiding scams, forewarned is forearmed. Here are a few common types of scams that criminals will use to try to steal your money or – more importantly – your identity.

1. Give Money to Get Money

If you ever receive an “official” notification that you’ve won a lottery or that someone wants to generously give you a large sum of money but first you need to send money to cover taxes, fees, clearances, or some other cost before collecting your prize, proceed with extreme caution!

The common thread with this scam, apart from the too-good-to-be-true offer, is that you must “act now” or respond immediately to the official sending the notice. This scam relies on you feeling pressured to not miss out on the deal or prize.

One of the most well-known versions of this type of scam is the Nigerian Prince (also known as the 419 Scam).

2. Phishing

Phishing is almost what it sounds like. Someone is fishing – and using bait – to obtain sensitive information to steal everything from the cash in your bank account to your identity.

Phishing scams replicate official-looking emails (or other communication types) from well-known and reputable companies. These fake emails include links or phone numbers encouraging you to change passwords or send personal documents and information (to update your account). The email will make some claim that there is an issue with your account (i.e. you need to supply documents to receive funds being remitted to you) and you need to click on the link provided to fix the problem. These links may take you to a look-alike site created by the criminals or contain malware (malicious software) which can give the criminals access to your computer (so don’t click!). Phone numbers may work the same way by directing you to a fake answering service.

There are a number of sub-species of the Phishing scam:

a) Spear Phishing

Spear Phishing is a little more sophisticated as it specifically targets you and relies on the trust you’ve built around a person, company, or brand. Most likely the communication will be personalized. Criminals target you from information they have found on sites like social media.

b) Clone Phishing

Clone Phishing differs in that it will copy a legitimate email that included an attachment or link. The attachment or link is replaced with a fraudulent version and the email is sent from a disguised address that appears to come from the original sender. The email may claim to be just a resend of the original or even an updated version.

c) Whaling

Whaling goes after the “big fish”. It targets senior executives or high-profile people within in a company. This type of fraud usually appears as a legitimate concern such as a legal request or subpoena, client issue, or corporate matter.

d) SMiShing

Cute name, not so cute fraud tactic using text or SMS. Potential victims receive an unsolicited text or SMS message with a link to a site that can contain malware or viruses. The urge to click is usually based on a “confirmation” of account activity and the risk of incurring additional charges or fees if the intended victim doesn’t take care of the problem immediately (by clicking the link).

3. Fear-Based (Service Cut Off/Jail Time)

You receive notification, usually through email or phone, that your account is in areas and you need to pay the balance immediately or have the utility service cut off. This type of fraud includes claims of unpaid taxes requiring immediate payment to avoid jail time. Criminals in this case are dependent on your fear of losing a necessity, like heat or water, or your personal freedom.

Conclusion

The ultimate goal of the criminal is to rob you. Criminals will try every sneaky tactic to get what they want and will play upon your fears, your generosity, or your trustfulness to get it.

Scammers attack when you’re least expecting it and often prey on the most well-intentioned people. Educate yourself on how to protect yourself and your loved ones from unexpected fraud. Here are several resources that provide helpful information:

Remember, no matter who is contacting you, NEVER give them any of your passwords, account numbers, or personal information without double-checking their identity first.

Be smart, be aware, and be safe!

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you the detailed information.

 

 

Visit XE.com

Visit XE partner page

 

 

 

#5 Getting Overwhelmed by Complicated Administration (Dutch Item)

19-08-2021 | XE | treasuryXL |

Companies that regularly need Foreign Exchange often fail to see the bigger picture more because of all the details of the daily Payments and other transactions. Perhaps are you so busy processing foreign currency that you don’t get around to a lake strategic view of the total Risk of your company. Or maybe those transactions take time equipment that could be spent more productively on other things. It may even be so
that manual data entry procedures are prone to human error that lead to unnecessary delays.

Dit is vaak een probleem voor groeiende MKB-bedrijven, waarvan de eigenaar of oprichter buitenlandse betalingen zorgvuldig wil blijven volgen, maar geen tijd meer heeft voor de toenemende administratieve last. Zij moeten verantwoordelijk blijven voor het autoriseren van betalingen, vooral van grote bedragen, maar hebben geen tijd voor de verdere verwerking.

Uw huidige valutaprovider zou u moeten kunnen helpen om dat probleem op te lossen. Zo zou uw provider een systeem moeten kunnen
maken dat sommige gebruikers beheerdersrechten geeft voor de verwerking, maar het autoriseren van betalingen voorbehoudt aan specifieke personen. Uw provider zou eenvoudige, veilige en betrouwbare verwerking moeten kunnen bieden. En uw provider zou u moeten kunnen helpen vertraagde betalingen te traceren.

Als u niet de beschikking hebt over dit soort diensten, kan het beheren van vreemde valuta al snel een kostbare, tijdrovende taak voor uw bedrijf worden. Daardoor wordt het nog moeilijker om uw activiteiten strategisch te benaderen om de risico’s te beheren, proactieve besluitvorming mogelijk te maken en vooruit te plannen. Vooral grotere organisaties kunnen kwetsbaar zijn voor deze fout.

Maar bedrijven die voor vreemde valuta nooit verder hebben gekeken dan hun huidige provider en nooit op zoek zijn gegaan naar een alternatieve partner, weten misschien niet eens dat er andere mogelijkheden zijn. Als u verstrikt raakt in de details van valutatransacties, praat dan met alternatieve providers over hoe zij u kunnen helpen effectiever te functioneren.

 

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The real value of Multi-Dealer FX trading platforms

16-08-2021 | treasuryXL | Kantox

(Spoiler: it’s not about trading costs)

A few years ago, PwC consultants proposed a clever analogy to illustrate the difference between single-dealer platforms (SDPs) and Multi-Dealer Platforms (MDPs). For banks looking to provide products and services to corporate clients on a platform, SDPs are like an airline’s website, where high-margin sales occur. Multi-Dealer Platforms, in turn, are the equivalent of online aggregators that let customers compare fares and schedules. While the former emphasizes customer relationship intimacy, the latter work as “transactional supermarkets” with a higher degree of automation.

When it comes to the corporate FX market, where spot and forward transactions take the lion’s share in terms of traded volumes, Multi-Dealer Platforms like 360T and SWAPs have been the venue of choice. The shared technology of Multi-Dealer Platforms has enabled them to better adapt to changing customers’ needs than the proprietary technology of most Single-Dealer Platforms. As a result, corporate treasurers have moved en masse to Multi-Dealer Platforms to improve FX trading processes and reduce spreads. As Kantox’s CEO Philippe Gelis argues, the success of Multi-Dealer Platforms has resulted in a spectacular “compression of FX spreads for vanilla products”.

Beyond trading costs: the value proposition of Multi-Dealer Platforms

Lower FX trading costs, the natural result of the Multi-dealer platform proposition, play an important role by facilitating the participation of firms who see a benefit in ‘embracing currencies’ to access new markets and grow their business. But the fixation with lower spreads is unwarranted. Going forward, treasurers will care less about paying 9 bps instead of 10 bps, if a 2% move in the exchange rate can be easily and efficiently handled by an automated hedging program.

To see where the real value of Multi-Dealer Platforms lies, let us start by briefly looking at the three phases of the FX hedging workflow: pre-trade, trade and post-trade.

The pre-trade phase involves sourcing exchange rates for the purpose of pricing as well as capturing and processing the relevant exposure. Once the FX trade is executed and confirmed, the post-trade phase kicks in with reporting and performance analytics as well as accounting and payments and collections.

In this increasingly automated series of steps, MDPs play a key role. Kantox’ partnership with 360T, for example, provides straight-through processing integration for corporates of all sizes to tailor their Multi-Dealer Platform setup to execution and routing rules of their own making. The range of functionalities includes:

  • Trading in spot, forwards, NDFs and swaps with hundreds of liquidity providers
  • Automated trade and data requests via API
  • Transparent pricing with greater efficiency in sourcing
  • Diversification in order to lower counterparty risk
  • Ability to select preferred liquidity providers
  • Complete trade history and audit trail
  • 24/6 execution capabilities
  • ‘Best price execution’ functionality that puts liquidity providers in competition with one another
  • Conditional orders setup with order management tools
  • Automated trade confirmation by API or email

What emerges from this picture is clear: the ‘trade phase’ of the FX corporate workflow is being automated at lightning speed. The reduction in spreads, while important, only tells part of the story. The real value proposition of a Multi-Dealer Platform lies elsewhere: they are an integral part of the seamless, end-to-end management of corporate currency workflows that Currency Management Automation solutions provide.

This process of automation comes with an added bonus: Application Programming Interfaces (APIs) ensure that data can flow seamlessly between different systems (ERP, TMS) without any need for spreadsheets, reducing spreadsheet risk and freeing up valuable treasury resources.

When viewed in this broader dimension, as part of a larger process that includes all the phases of an automated FX hedging program, Multi-Dealer Platforms are part of an ecosystem that allows companies to benefit not only from automating, one by one, the different phases of a hedging program but to have all these processes integrated with one another, thus creating more value than the sum of the parts.

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How to set up a forward contract and lock in a rate for your business

12-08-2021 | treasuryXL | XE |

A forward contract gives you and your business certainty, allowing you the peace of mind to have confidence that your international exposures are taken care of.

At Xe, they work with businesses of all sizes across many industries. They recognize that each business has its own requirements for its payments, and thus do they offer a diverse suite of money transfer products and solutions in order to meet each business’s international payment needs.

Let’s say that you’ll need to make a payment in the future. Right now, the rates are in your favor, but your payment is weeks or even months away, and you’re worried that the rates could change in the coming weeks, which would make your upcoming payment much more expensive than it would be now. You can’t influence the markets, but is there anything you can do to avoid feeling the brunt of currency market volatility?

In that case, the forward contract would be the right solution for you. Let’s take a closer look at what that is and how it could help your business.

What is a forward contract? 

A forward contract is an agreement to buy or sell an asset at a specified price on a specified future date. In the context of money transfer, this is how it works:

  • You specify which currencies you’d like to exchange, and get a quote at the current exchange rate.

  • You select the date on which you’d like to send this transfer, and provide all necessary recipient and payment information.

  • On that date, the transfer will automatically trigger, and will convert and send at the previously established rate.

You could think of it as the “buy now, send later” money transfer option. You’ll do the work of setting up the transfer now, and your currency exchange will happen at the current exchange rate, but the transfer itself won’t happen until the date you’ve specified.

Why is a forward contract useful? 

A forward contract can be useful in two ways: allowing you to lock in your rate to avoid future volatility, and to ensure that your payment will be sent (and delivered) by a certain date.

Changes in currency values can dramatically impact the cost of your business money transfers. If the currency that you’re sending weakens, or the currency you’re transferring to strengthens, a simple payment could suddenly become much more costly for your business. A forward contract gives you and your business certainty, allowing you the peace of mind to have confidence that your international exposures are taken care of.

Additionally, if your payment needs to be delivered by a certain date, arranging your payment in advance can ensure that it will be sent on time. No matter how busy things get leading up to the transfer date, you can rest assured that your payment is taken care of.

How to set up a forward contract 

If you’re interested in setting up a forward contract and securing a rate for your business’s upcoming money transfer, give them a call to set that up with our team. If you don’t already have a Xe account, take a look at their guide to registering for a business account.

Get Started

Get in touch with XE.com

About XE.com

XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.

Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.

Your company money is safe with XE, their NASDAQ-listed parent company, Euronet Worldwide Inc., has a multi-billion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have truly global coverage.

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you the detailed information.

 

 

Visit XE.com

Visit XE partner page

 

 

 

#4 Having No Insight into the Variety of Products Available for your Company (Dutch item)

05-08-2021 | XE |

Many companies are not aware of the total range of possibilities for the management of Currency Risks. For example, they only buy the necessary currency at the current rate, spot rate, and think any other strategy currency speculation. Hedging in particular is often misunderstood and therefore rejected. currency hedging is not gambling how the currency markets might behave in the coming days and weeks development, but is intended to insure the company against the possibility of unfavorable developments.

“Valutahedging is niet gokken hoe de valutamarkten zich de komende dagen en weken zouden kunnen ontwikkelen, maar is bedoeld om het bedrijf te verzekeren tegen de mogelijkheid van ongunstige ontwikkelingen.”

Er zijn diverse valutahulpmiddelen die u kunt gebruiken om dat te doen, maar laten we termijncontracten eens als voorbeeld nemen. Met deze transacties spreekt u af om in de toekomst een bepaalde hoeveelheid valuta tegen een vaste prijs te kopen. Neem bijvoorbeeld een supermarktketen die over een maand €10.000 moet betalen aan buitenlandse leveranciers. Een termijncontract dat vandaag specificeert hoeveel pond de keten voor die €10.000 zal betalen, elimineert het risico dat het pond de komende weken in waarde daalt waardoor de supermarktketen meer zou moet betalen dan verwacht. Dat is geen valutaspeculatie of gokken hoe de markten zich gaan ontwikkelen, het is
een verzekeringspolis.

Achteraf kan natuurlijk blijken dat hedging niet nodig was geweest. Als in ons voorbeeld het pond niet daalt ten opzichte van de euro of misschien zelfs stijgt, kan de supermarktketen denken dat het onverstandig was om van tevoren een koers vast te leggen. Maar dan zouden ze hedging beschouwen als speculatie en niet als een verzekeringspolis. Zo heeft u er aan het eind van het jaar ook geen spijt van dat u een opstalverzekering hebt betaald terwijl uw huis niet is afgebrand. Dat wil niet zeggen dat hedging de juiste strategie is voor alle bedrijven. Sommige zullen van mening zijn dat hun valutarisico niet zo groot is dat het dit soort verzekering nodig heeft. Maar dan nog moet u er niet vanuit gaan dat uw valutaprovider niet meer kan doen om uw bedrijf te helpen met uw valutabehoeften.

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How to manage your Money transfer beneficiaries with Xe

29-07-2021 | treasuryXL | XE |

Need to add a new money transfer recipient, or make changes to someone you’ve sent a payment to in the past? Don’t worry—it’s easy with Xe.

When making an international payment, perhaps the most important detail is the payment’s recipient. Having all of the beneficiary’s details ready to go is crucial to ensure that you can quickly make your payments and they will go straight to their destinations without any delays.

Managing your money transfer beneficiaries within your Xe account is quick and simple. You can add in the information when you begin the payment process, or you can add them in ahead of time. Here’s what you need to know about managing your recipients.

Sign into your account or sign up

Before you can manage your recipients, you’ll need to be logged in to your Xe account.

If you don’t have an account, don’t worry. Signing up for an account is a simple, straightforward process and can be completed in a few minutes. If you want to know more about the process, you can take a look at our guide here.

Go to your recipients

Once you’ve signed into your account on Xe.com, you’ll see a “Recipients” section on the home page. Just head into that section, and you’ll see a list of every recipient that you’ve added thus far, along with the option to add a new recipient.

If you plan on sending money to the same person or entity multiple times in the future, their information will be securely stored here, where you can quickly select recipients (without needing to re-enter information every time you send money to them).

There’s no limit to beneficiaries either; you can add and manage as many recipients as you need.

How to add a new recipient

Once you’ve entered the recipient center, you’ll be prompted to provide information about your recipient. Having this information on hand and ready to go will ensure that your payments won’t face any delays.

You’ll need to enter:

  • The currency they’ll be receiving

  • The country their bank is in

  • Their name

  • Whether or not the account is a business account 

  • Their address 

  • Their bank account number 

  • Their bank code (this will vary by country; examples include an ABA routing number in the United States and a sort code in the United Kingdom)

  • Their bank name 

Before you can enter this information, you’ll be asked if you’re sending money to yourself. If you want to exchange currency to send to one of your own accounts in another country, this is an option. In that case, you would just answer “Yes” to the question “Are you sending money to your own account?” and provide your own information to the prompts above.

How to edit existing recipient details

Has one of your recipients changed their details? Good news—you won’t need to completely add them again. You can quickly update your existing recipients with any new details.

From the Recipients page, click on the recipient whose details you’d like to change, enter in your updates, and save these changes. You can also delete recipients if you don’t plan on sending money to them in the future.

Keep in mind that if you change a recipient’s details or delete them from your list, that won’t change the details of any open transactions with this recipient. If you have a payment in progress and you need to make a change to anything, please contact us as soon as possible.

Ready to get started?

Do you have a payment coming up? Get a head start and enter your recipient information ahead of time to make the process quick and simple when it comes time for transfer.

GET A QUOTE

Get in touch with XE.com

About XE.com

XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.

Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.

Your company money is safe with XE, their NASDAQ listed parent company, Euronet Worldwide Inc., has a multi billion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have a truly global coverage.

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.

 

 

Visit XE.com

Visit XE partner page

 

 

 

Press release | Kantox joins the treasuryXL community as Premium Partner

28-07-2021 | treasuryXL | Kantox

treasuryXL announces partnership with Kantox to strengthen dissemination of the latest trends about currency management automation technology

VENLO, The Netherlands, July 28, 2021 – treasuryXL, the community platform for everyone who is active in the world of treasury, and Kantox, the global leader in currency management automation software, today announced the signature of a premium partnership.

This partnership will create a new content resource for the treasuryXL community. Treasurers will now have access to a regular stream of insightful and practical content on currency management automation. This partnership includes:

● Collaboration on messaging, content production, and visibility
● Mutual distribution on select items of interest
● Collaboration on larger themes: event promotion, speaking and experts contribution, publications

Through this partnership, treasuryXL and Kantox are striving to ensure that treasurers are always up to date with the latest news and events in their field.

About treasuryXL

treasuryXL started in 2016 as a community platform for everyone who is active in the world of treasury. Their extensive and highly qualified network consists of experienced and aspiring treasurers. treasuryXL keeps their network updated with daily news, events and the latest treasury vacancies.

treasuryXL brings the treasury function to a higher level, both for the inner circle: corporate treasurers, bankers & consultants, as well as others that might benefit: CFO’s, business owners, other people from the CFO Team and educators.

treasuryXL offers:

● professionals the chance to publish their expertise, opinions, success stories, distribute these and stimulate dialogue.
● a labour market platform by creating an overview of vacancies, events and treasury education.
● a variety of consultancy services in collaboration with qualified treasurers.
● a broad network of highly valued partners and experts.

About Kantox

Kantox is a leader in Currency Management Automation software that enables corporates to effectively manage their FX workflow and leverage currencies for growth. Since 2011, Kantox’s expertise and solutions have allowed businesses to collect FX exposure data and automate their hedging, pricing, payment and collection processes.

The company is headquartered in London and authorised by the Financial Conduct Authority (reference number 580343) and Kantox European Union, S.L. is based in Barcelona and authorised by the Bank of Spain (reference number 6890) For more information, visit www.kantox.com, @Kantox LinkedIn.

 

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#3 Sole focus on Exchange Rates (Dutch item)

22-07-2021 | XE |

Companies that need a currency service, either for their daily transactions or for a more strategic planning for the future, will logically first go to the exchange rates offered. Why wouldn’t you choose the provider that offers the best possible rates for your money to begin with?

Het antwoord op die vraag is dat de koers weliswaar belangrijk is, maar niet de enige factor is die van invloed is op de blootstelling van uw bedrijf aan valutarisico’s. Bedrijven die alleen maar gefocust zijn op het volgen van de koersen, kunnen bovendien het grotere plaatje missen.
Als iets te goed lijkt om waar te zijn, dan is het dat meestal ook. Met andere woorden: als u een uitstekende koers krijgt aangeboden door een provider, is er dan iets anders wat u niet krijgt? Dat kan het serviceniveau zijn dat uw bedrijf nodig heeft, of de juiste ondersteuning. Hoe snel reageert uw provider bijvoorbeeld als een betaling fout loopt?

“Bedrijven die alleen maar gefocust zijn op het volgen van de koersen, kunnen het grotere plaatje missen.”

Het is ook belangrijk om te begrijpen dat koersvergelijkingen misleidend kunnen zijn. Valutamarkten zijn zo bewegelijk, dat u de koersen van een specifiek moment moet nemen om een correcte vergelijking te kunnen maken. Een provider die nu aantrekkelijk lijkt vergeleken met de koers die een van zijn concurrenten twee uur geleden bood, is misschien helemaal niet zo aantrekkelijk. Het is zeker zinvol om rond te kijken. Veel bedrijven accepteren de matige standaardservices van hun valutaprovider omdat ze nooit naar alternatieven hebben gekeken. Maar doe dat rondkijken op basis van waarde in plaats van prijs. Wat hebt u behalve concurrerende koersen nog meer nodig van uw valutaprovider? Zijn de aangeboden koersen open en transparant, zodat u altijd precies weet hoeveel u betaalt, na aftrek van kosten?

In de praktijk bieden valutaproviders een verscheidenheid aan meerwaarde. Misschien hebt u een online service nodig die is afgestemd op de specifieke eisen van uw bedrijf, met autorisatie van verschillende mensen voor verschillende soorten transacties. Misschien hebt u de snelst mogelijke service nodig zodat u langere betalingstermijnen hebt. Verder kunnen valutaproviders de valutamarkten voor u in de gaten houden. Als uw bedrijf zijn valutatransacties zo probeert te timen dat u de best mogelijke koers krijgt, ga dan op zoek naar een provider die koersmeldingen of marktorders biedt. Dan ontvangt u een melding wanneer de koers een bepaald niveau bereikt of wordt uw transactie automatisch verwerkt tegen die prijs.

 




 




 

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11th Annual Funds Transfer Pricing and Balance Sheet Management | September 2-3, 2021

19-07-2021 | treasuryXL | Kendra Keydeniers | Marcus Evens

Manage and steer excess liquidity in the current climate through effective FTP strategy in order to achieve balance sheet optimisation.

London, UK or Virtual Attendance

2nd – 3rd September, 2021 | 08:30 BST

The COVID-19 crisis has shifted the banking industry’s focus to balance sheet management, due to the volatility it has caused in the balance sheet. The impact of the move to a risk free rate, measures taken by authorities to incentivise lending throughout COVID-19 and the sustained low interest rate environment have posed a large amount of challenges for those in Asset Liability Management (ALM) and Funds Transfer Pricing (FTP). Banks should ensure FTP is not treated as a cost centre but as a tool to drive excess liquidity, grow assets to offset liabilities and ultimately target P&L volatility caused by COVID-19.

The marcus evans ‘11th Annual Funds Transfer Pricing and Balance Sheet Management’ conference will provide banks with a platform to learn from practical case studies how to develop an efficient FTP model that achieves optimal balance sheet structure in the COVID era, as well as offer a glimpse into future developments surrounding liquidity risk to be able to anticipate demands and improve funding plans. Attend the conference in London on 2-3 September, 2021 or join virtually, and enjoy two days of practical case studies, panel discussions and networking opportunities.

Attending This Premier marcus evans Conference Will Enable You to:

  • Evaluate the cost of funding in relation to excess liquidity driven by customer deposits and regulatory support.
  • Steer liquidity and capital to manage the excess liquidity and prepare for potential absorption of this excess.
  • Achieve balance sheet optimisation to navigate through constraints and stress prompted by the COVID era.
  • Evolve FTP strategy alongside market developments such as customer behaviour and sustainability metrics.

Practical Insights and Case Studies from Industry Experts, some of which include:

  • Maros Hrnciar, Head of Financial Analysis and Budgeting, Raiffeisenbank
  • Dr. Thomas Ribarits, Director, Financial Risk Management, European Investment Bank
  • Anton Fuchs, Senior Risk Control, Landesbank Berlin AG
  • Heikki Koskinen, Head of ALM Analytics, Group Treasury, Luminor
  • Gerwin Scharmann, Head of Treasury, Santander Consumer Bank AG
  • Fitzarnaz Drummond, Executive Director, Goldman Sachs
  • Davide Vella, Head of Balance Sheet Management, Mediobanca

For more information please contact: Ms Ria Kiayia, Digital Media and PR Marketing Executive at riak@marcusevanscy.com or visit: https://bit.ly/3hz5jp3

I wish you a great event!

Kendra Keydeniers

Director, Community & Partners at treasuryXL