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.

 

GO TO PARTNER PROFILE

Refinitiv Corporate Treasury Data Insights | July 2021

27-07-2021 | treasuryXL | Refinitiv |

Andrew Hollins, Director of Corporate Treasury Proposition at Refinitiv, brings you the July 2021 round-up of the latest Corporate Treasury Data Insights.

  1. The stability of the dynamic spread between USD LIBOR and its recommended replacement SOFR raises questions about whether corporate treasurers will gain much more benefit from credit sensitive rates over and above SOFR.
  2. Under pressure from inflation, what impact on financial markets could a move in the dollar index bring?
  3. Central banks, including the Bank of England and the European Central Bank, are exploring a central bank digital currency. What benefits would this bring the central banks?

Corporate Treasury Charts of the Month

Sources: USD LIBOR administered by ICE Benchmark Administration; SOFR administered by Federal Reserve Bank of New York

The dynamic spread between USD LIBOR and its recommended replacement SOFR mostly reflects the credit risk of large banks. This spread has remained stable at 13-14bps over the last few years and did not change materially during the COVID-19 related market volatility in H1 2020.

The stability of this spread, particularly during periods of stress, raises questions whether credit sensitive rates such as BSBY and Ameribor provide meaningful benefits over and above SOFR to corporate treasurers.

Tell me more

On 17 March 2021, the Alternative Reference Rates Committee (ARRC) announced it selected Refinitiv to publish its recommended fallback rates for cash products. Following extensive engagement, Refinitiv plans to launch prototype USD fallback rates in August 2021 and production rates in the autumn. Find out more about Refinitiv’s LIBOR Transition and Replacement Rate solutions.

LIBOR Transition Event: why does the USD cash market need fallback rates?

With the major banks expected to stop using USD LIBOR as a reference in the vast majority of new derivatives and cash products by the end of this year, the race is now on for market participants to accelerate their LIBOR transition programmes in order to ensure the ongoing and efficient functioning of financial markets.

In a recent webinar a panel of experts from Refinitiv, the LSTA, Wells Fargo and the U.S. Federal Reserve discuss the USD cash market and the need for fallback rates.

The Big Conversation: The two biggest risks for markets

Inflation may be the headline grabber at the moment, but it is the impact on bond yields and the U.S. dollar that really matter. If they don’t move, markets can tolerate higher inflation.

So far, bond yields have responded well to the inflation scare, but a move in either direction by the dollar could now be a problem. Discover analyst expectations for bond yields and the US dollar and assess the associated market risks.

U.S dollar index. Corporate Treasury Data Insights | July 2021

Data on the Data: the rise of central bank digital currency

Major central banks around the globe have taken steps towards identifying a framework for building a central bank digital currency (CBDC). A CBDC would be a new risk‑free digital form of currency issued by a central bank, which performs all the essential functions of money.

Major central banks around the globe, including the Bank of England and the European Central Bank (ECB), are exploring the common principles and key features for building a CBDC.

In this new episode of Refinitiv’s Data on the Data, Sachin Somani, Global Director of the Central Banking Customer Proposition at Refinitiv, outlines the desire for central banks to develop their own digital currency to complement their existing offerings, reduce the reliance on coins and notes, and compete with private coins in the crypto space.

 

Watch: The Rise of Central Bank Digital Currency – Data on the Data | Refinitiv

Refinitiv Corporate Treasury Newsbeat

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5 Post-Pandemic Trends Corporate Treasurers Should Pay Attention To

26-07-2021 | treasuryXL | Gtreasury |

Corporate treasurers have manned a vital lookout position for their enterprises throughout the pandemic, navigating oft-tumultuous and unpredictable economic shifts. As businesses now inch closer to more normal operations, expect treasury to continue to fulfill a role of heightened intra-organizational visibility while adapting to new realities for what’s required from their job.

Here are the five trends treasurers can expect to play out in 2021, as a post-pandemic world appears closer across the horizon:

Treasury must continue to deliver accurate cash visibility and forecasting.

For many businesses hit hard, a waning pandemic will – hopefully – bring sales and production back to pre-pandemic levels. Organizations will continue to require frequent and accurate-as-possible cash forecasting to guide effective decision-making throughout this period of recovery. Treasury teams may continue to be called upon to deliver forecasts as often as weekly or daily; even as conditions stabilize, I think it’s unlikely that quarterly (or monthly) forecasts will be the norm. To facilitate this increased frequency, treasurers will increasingly pursue appropriate technologies fit for rapid-fire forecasting, particularly in the area of AI-based tools.

By and large, treasurers surveyed from the pandemic’s onset proved quite accurate in foreseeing a drawn-out pandemic recovery timetable – and the lingering impacts that have indeed since occurred. The data shows they’ve also proven effective in leading their companies to make strategic preparations accordingly. Those deft approaches ought to continue through the end of the pandemic while undergoing iterations to adapt to changing circumstances as necessary. In many ways, the outcome each company can expect is rooted in the capabilities and foundation for success that treasury teams have already implemented.

If treasurers aren’t yet equipped with the automation and treasury management systems necessary to match their cash reporting workloads, their organizations will be more vulnerable to shifting circumstances. Corporate treasurers in this position face compounding limitations: spending all available bandwidth on completing manual cash reporting processes leave no resources to implement new automation. To avoid or escape this cycle, treasurers should work with software and service providers to rapidly realize the automation they require.

Treasury must become more efficient.

Many treasury teams have become leaner over the course of the pandemic. At the same time, the cash forecasting and risk assessment that treasury provides has been crucial for enabling companies to maintain vital liquidity. That function will remain essential throughout the pandemic’s aftermath.

To accomplish more with less, treasury teams should pursue solutions that increase their efficiency via broader automation and smoother integrations. The pandemic has also driven the shift to distributed workplaces, which will persist going forward. Facilitating efficient distributed workforces will require treasury systems to be able to deliver continuous remote access to information, seamlessly and in real-time. Treasury teams that have digital automation projects in development ought to expedite those efforts now, and then release new features in stages where possible. The value of optimized processes and automation cannot be understated for corporate treasury in the post-pandemic environment.

As the pandemic subsides, merger and acquisition activity will rise.

Enterprises will have low-cost access to cash and equity as the pandemic wanes, which many will tap to pursue mergers and acquisitions. Treasurers will conduct the critical work of assessing the cash positions and risk profiles of potential merger partners and acquisition targets while ensuring the necessary liquidity to complete these transactions.

Treasurers must prioritize preparedness for benchmark rate reform.

LIBOR continues to be a moving target but is due to be replaced with new benchmark rates after 2021. Corporate treasurers are well-advised to prepare for this transition sooner than later, realigning all standing loans and contracts to the new rates. Those companies that aren’t yet on pace for a smooth transition will need to accelerate their work in this area.

Well before the deadline, treasurers should review all loans, credit, and investments tied to LIBOR, and arrange replacement rates and fallback provisions with lenders and servicers. Similarly, all new contracts will need to include appropriate fallback provisions. The new benchmark rates will also require treasurers to train and become experts in their new operating environment.

Singular platforms able to seamlessly integrate data and technologies across treasury ecosystems will be all the more valuable.

Treasury and risk management systems able to integrate cash, payments, risk, fraud, ERP, BI, and additional capabilities on a single platform are crucial to eliminating friction in payments and data workflows. Treasurers can discover vast benefits by using systems that unite the universe of fintech solutions they rely upon. Treasurers should vet and select solution ecosystems able to automate bank transfers, deliver simplified connectivity to banks and accounts across the globe, and transfer information along with payments. Those able to drive accurate decision-making, ease new feature implementation, improve treasurers’ user experiences, and provide strategic enhancements also deserve treasurers’ attention. The right technology strategy will open the door for treasurers to far more easily introduce valuable new capabilities and efficiencies.

Make no mistake about it: for corporate treasurers and the systems and processes they oversee, the aftermath of the pandemic necessitates maintaining vigilance and continuing to optimize practices.

 

ABOUT THE AUTHOR

Michele Marvin
Global VP, GTreasury

Michele Marvin is a VP at GTreasury, a treasury and risk management platform provider. Prior to joining GTreasury in 2019, Marvin has held leadership roles at several large technology companies, including most recently at Flexera and Zebra Technologies.

 

 

 

2021 Treasury Technology Survey Report from GTreasury Shows Key Trends Affecting Treasury Modernization Across Organizations

22-07-2021 | Gtreasury |

The first-of-its-kind, in-depth global report details how far along treasury and finance teams are in digital transformation, the technologies they are most excited about, and where resistance remains.

CHICAGO – July 22, 2021 – GTreasury, a treasury and risk management platform provider, and Strategic Treasurer, which delivers consulting services for treasury management, security, technology, and compliance, today announced the release of the 2021 Treasury Technology Survey Report.


The comprehensive 50-question survey across myriad facets of treasury technology deployment, opinion, and planning drew responses from hundreds of treasurers, treasury analysts, and other treasury and finance professionals from around the world and across industries.

Highlights from the 2021 Treasury Technology Survey Report include:

  • Significant growth anticipated. Payment factories, treasury aggregators, and TMS solutions are expected to realize 35-45 percent growth over the next two years.
  • APIs are becoming must-have capabilities. Seventy-three percent of corporate treasury groups indicated that APIs are critical to their current processes. Machine learning capabilities are also drawing outsized focus from treasurers further along in their modernization initiatives.
  • The gap between cash forecasting importance and reality is high. While cash forecasting is very important to 84% of treasurers, only 38% indicate they are performing at a high rate of accuracy.
  • Fraud prevention gains a heightened focus. Thwarting fraud is a top focus for 77% when considering the application of new technology in product development. Treasurers also report high demand for incorporating automation into fraud prevention processes.
  • Resistance to formats remains. Comparing legacy formats to newer and more enriched formats like XML, treasurers showed surprisingly high levels of resistance to adoption.

“Across continents and industries, treasurers are grappling with how best to transform their treasury technology stack to make processes more efficient and effective, and to drive visible value within their organizations,” said Pete Srejovic, Chief Technology Officer, GTreasury. “This survey provides a unique window into what excites and frustrates treasurers right now, and how the industry is approaching transformation in a quickly-moving ecosystem. This is a must-read report for treasury and finance professionals.”

The 2021 Treasury Technology Survey Report collected responses from March through April 2021, with 50+ questions and 250+ respondents. The full survey with all results and data is available for free download here.

Additionally, a webinar offering analysis of the report’s findings and featuring Srejovic and Craig Jeffery of Strategic Treasurer is available here.

About GTreasury

For more than 30 years, GTreasury has delivered the leading digital Treasury and Risk Management System (TRMS) to corporate treasurers across industries. With its continually innovating Software-as-a-Service platform, GTreasury provides customers with a single source of truth for all their cash, payments, and risk activities. The TRMS solution offers any combination of Cash Management, Payments, Financial Instruments, Risk Management, Accounting, Banking, and Hedge Accounting – seamlessly integrated, on-demand worldwide and fully secured. Headquartered in Chicago with offices serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide.

About Strategic Treasurer

Strategic Treasurer provides consulting services for treasury management, security, technology and compliance. Corporate clients, banks and fintech providers throughout the world rely on their advisory services and industry-leading research. Strategic Treasurer is headquartered in Atlanta, with consultants based out of Atlanta, Cleveland, Detroit and Washington D.C. To learn more, visit strategictreasurer.com.

 

 

#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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The Art of Selecting Suitable Treasury Technology

| 21-07-2021 | treasuryXL | Nomentia |

Many Corporate Treasury functions are aware of the importance of utilizing technology to deliver improved efficiency and control in their treasury operations. This is being driven by the increasing pace of regulatory change, continuously evolving business models, volatile economic conditions, and fast-growing technological developments. Also, treasurers are recognizing the benefits of a strategically focused ‘smart treasury’ – one that utilizes the latest technology to be more integrated, automated, and optimized; adding value to the business.

However, as the treasury technology landscape continues to evolve at a rapid pace, many organizations find it difficult to successfully adopt this technology, either because their entry point is not clear or because they had previously made the leap and are now struggling to keep pace with the evolution. There are a multitude of options and considerations for those looking for the right solutions, which are important to understand before deciding on what is right for an organization.

We have outlined below some key insights and considerations when selecting suitable technology solutions.

Develop a treasury technology roadmap

Your roadmap should consider essential functional requirements that must be satisfied immediately – current hot topics include improved cash visibility, robust and accurate cash forecasting, a more efficient payments and receivables process, and fraud prevention. All of these areas are ‘must-haves’ for many organizations, so the first building block for the roadmap is finding a solution that can satisfy them.

However, alongside considering your immediate needs in your roadmap it is also important to plan for the future. To do this, you must look at the internal and external drivers of change for your business and how the treasury will need to support that.

An example of an internal driver could be where accelerated geographical growth is expected, and therefore treasury will be required to rapidly connect with new banks, set up new accounts, and adopt new currencies. This comes with challenges around dealing with country-specific requirements for payment formats and new types of bank connectivity, so your chosen technology solutions should be capable of adopting these easily.

Similarly, for external drivers you can look at the current markets you operate in and identify any expected developments in payments and banking initiatives. Current examples of external drivers for those operating in the Nordics and Europe include the P27 Nordic payments initiative or PSD2 electronic payments services regulations. Once again, your technology solutions should be chosen to ensure you are able to keep pace with these changes.

Self-hosted versus SaaS solution

We find that a number of treasuries have had historic on-premise solutions which have not always kept up to date with the developments in functionality and the market. As a result, treasurers have had to establish a number of in-house workarounds which are costly and complex to maintain.

To improve upon this, most technology companies now provide a solution that is delivered as software-as-a-service (SaaS), a deployment method that comes with several benefits.

SaaS solutions are hosted in the ‘cloud’ and hence there is no need for the organization to manage technical matters such as maintaining appropriate servers, backups, etc. Because the solution is managed in the cloud by the vendor, there is no longer a need for users to manually upgrade their solutions and perform the associated regression testing – upgrades are tested and deployed by the vendor on a regular basis, ensuring all organizations using the solution are using the latest version containing the latest functionality. Over the past years, we have seen an increasing number of solutions being offered as a SaaS solution and can see this as a trend that will continue to dominate in the future. You should also consider your organization’s overall IT strategy as it is critical to ensure you are aligned with this.

All-in-one versus best of breed

Over the years we have seen significant shifts in the treasury technology market with innovative and specialized Fintech solutions driving advancements in the market. These applications are often focused on specific areas of functionality rather than covering the broad set of requirements a treasury function may have. They are often meant to be complemented by other platforms to form a suite of treasury applications that cover all requirements.

Hence, the key consideration for an organization is whether to opt for an ‘all-in-one’ TMS or to deploy a stable of ‘best of breed’ solutions. An all-in-one TMS comes with clear benefits such as a single platform to handle all treasury transactions/processes and fewer interfaces to monitor and maintain.

However, for some organizations the all-in-one TMS comes at a significant initial and ongoing cost commitment when their requirements aren’t as broad compared to the functionality on offer. Although many of the vendors of all-in-one TMSs allow organizations to choose which modules of the platform they utilize for a reduced license fee, it is often not the case that if you are only using 50% of the functionality you will be paying 50% of the price. A much more palatable solution comes in the form of best-of-breed solutions, which deliver a more flexible technology landscape utilizing specialized systems that may address the many unique requirements of a treasury function, at a lower cost than the all-in-one TMS. Previously the use of multiple platforms was not favorable due to difficulties that could be faced such as technical integration and reporting. However, the rising use of digital APIs has improved the way systems interface with each other. Also, data-warehouses coupled with BI solutions has enabled reporting based on data sourced from a variety of platforms.

Typically, when implementing a new system you will sign a license agreement for a minimum 5-year term, so it is important to ensure you have considered the suitability of the technology partner(s) and the functionality to support you in your digitalization over many years. During the selection process, it is important to perform an analysis of partners and vendors focused on their experience, innovation roadmap, development track-record, reliability, and support model. These are attributes that will demonstrate to you that the vendor is able to support your business not only now but also in the future, as your operations and the demands placed upon the treasury function change as your business grows and evolves.

Final comments

One size does not fit all treasury functions, as each organization’s treasury remit and activities will drive the appropriate solution or solutions.

 

Front Office Financial Resource and Capital Optimisation | September 9-10, 2021

20-07-2021 | treasuryXL | Kendra Keydeniers | Marcus Evens

Optimising margin and capital consumption for derivative portfolios under margin rules, FRTB and SA-CCR through effective risk and trading strategy.

London, UK or Virtual

9th – 10th September, 2021 | 08:30 BST

Financial Resource Optimisation has become of paramount importance for trading businesses after a decade of increased regulation and diminishing margins. Banks are required to hold enough capital to absorb losses and in recent times the minimum requirement for capital in derivatives trading has increased due to the push towards central clearing, margin reforms, XVA and Basel regulations.

The increasing capital requirements, increases the cost of the derivatives business which makes it even more important for banks to allocate capital for optimal return. With smarter portfolio and day to day trading along with utilisation of technology to help identify opportunities and improve trading decisions, banks can manage to create a capital efficient product mix that meets regulatory demands and leads to optimisation of capital and resources in the front desk.

The marcus evans ‘Front Office Financial Resource and Capital Optimisation’ conference will bring you one step closer to creating the optimal capital focused business model in the current climate. Attend in London on 9-10 September, 2021 or join virtually, and hear insights from industry experts on how to optimise margin and capital consumption for derivative portfolios under margin rules, FRTB and SA-CCR through effective risk and trading decisions.

Attending This Premier marcus evans Conference Will Enable You to:

  • Assess the impact of regulation such as UMR, SACCR, leverage ratio and FRTB on capital.
  • Establish a dynamic portfolio that can take advantage of opportunities for optimising margin and capital.
  • Consider the day-to-day trading decisions and how this impacts P&L and capital.
  • Exploit methods for financial resource optimisation such as technological opportunities, compression, innovation, etc.

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

  • Guillaume Dechambre, Director, XVA Strategy, BMO Capital Markets
  • Jesper Thye-Oestergaard, Head of Liquidity and Capital Analytics, Nordea Markets, Corporates and Institutions
  • Sandeep Shukla, Head of USD Swaps Trading, Natixis CIB Americas
  • Jean Jacques Kamdem, Global Head of Traded Credit Analytics, HSBC Global Banking and Markets
  • Thomas Rohold, Head of Financial Resource Management, Senior Vice President, Danske Bank
  • Matteo Angeloni, Director, XVA Trader, National Australia Bank
  • Andrew Green, Managing Director and XVA Lead Quant, Scotiabank

For more information please contact: Ms Ria Kiayia, Digital Media and PR Marketing Executive at [email protected] or visit: https://bit.ly/3r5lA8p

I wish you a great event!

Kendra Keydeniers

Director, Community & Partners at treasuryXL

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 [email protected] or visit: https://bit.ly/3hz5jp3

I wish you a great event!

Kendra Keydeniers

Director, Community & Partners at treasuryXL

International Treasury Management and Corporate Finance

| 15-7-2021 | François de Witte | treasuryXL |

We would like to highlight the following event, of which our Expert François de Witte is a part. Register below to learn more about International Treasury Management and Corporate Finance.

Registration

In order to be accepted to this certified path it will be asked to complete this application form .

This course will start in October 2021. It includes 9 training modules and 5 intermediary exams. It is necessary to complete this form before your official registration. Registration will be closed on 1st September 2021 .

If you do not wish to be certified but are interested in the topics, almost every course can be purchased independently by clicking on the title in the content below. This certified path is a blended training which contains both physical and virtual classroom, e-mentoring, teamwork, etc.

Description

The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasure” profession.

Objectives

At the end of this programme, the participant will able to:

  • assist directly and practically the treasurer of large corporates
  • take over treasury responsibilities in a SME.

The various modules will allow to acquire an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.

Programme

Module 0: Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager

  • Corporate Treasurer’s responsibilities
  • Cash management (bank account opening, closing, KYC, Cash pooling, Payments and bank connectivity)
  • Liquidity management (importance of working capital management,
  • Risk management (foreign exchange, fraud, credit risk)
  • Trade finance (general context, intro to bank guarantees and letters of credit)

Module 1: Financial Maths in Excel (Focus on treasury & corporate finance)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School

  • Focus on treasury & corporate finance
  • Time Value of Money
  • Vocabulary
  • Compounding intervals
  • Discount and annuity factors

Module 2: Payments, Cash Management and Banking Relations
Speaker François De Witte / Consultant

  • Payments (Process, Tools)
  • Liquidity Management
  • Cash-Flow Forecasting
  • In-House Banking
  • Banking Relationship

Module 3: Trade Finance in context of uncertainty
Speaker: Benjamin Defays / Treasury Manager

  • General contact, cultural aspects
  • Why trade finance in treasury
  • Bank Guarantees, Burgschafts, Surety Bonds, Letters of Credit, Cash against Documents
  • Alterative security instruments
  • Disruptive technologies

Module 4: Introduction to Counterparty Credit Risk Management and Cash Collection
Speaker: Benjamin Defays / Treasury Manager

  • Concepts & Practices/Types of Credit Risks
  • Understanding Financial Statements and Ratios
  • Credit Scoring/Ratings – S&P, Bloomberg models
  • Collecting overdue receivables – setting priorities
  • Strategies dealing with overdue invoices
  • Debt collection services development

Module 5: Practical Aspects of International Finance Regulation

Speaker: Lievin Tshikali  

  • KYC, GDPR, EMIR, Bale III
  • International sanctions and their impact on transactions & overall business activities
  • Anticorruption (FCPA, UK Bribery Act)
  • EU competition law compliance
  • INCOTERMS
  • Drafting a contract (main considerations)

Module 6: Risk Management applied to treasury
Speaker: François Masquelier / Group Treasurer

  • FX, Interests
  • Counterparties
  • Others (Reputation, etc…)
  • Objectives of Hedge Accounting
  • Required documentation and formalisation of Hedge Accounting relationships
  • Different types of hedges (Fair Value, Cash Flow, Net Investment)
  • Booking adjustments of different hedge types
  • Typical examples of different hedge types

Module 7: Technologies applied to treasury
Speaker: François Masquelier/ Group Treasurer

  • New Technologies
  • Blockchain, Crypto-currencies, Smart Contracts
  • Treasury Console (Bloomberg, Thomson Reuters)
  • TMS, Financial Technology

Module 8: Cyberfraud: what you need to know to manage this ever increasing risk

Speaker: Thierry Hamon / Cash management & security expert 

  • Getting an overview of the different cyberattacks techniques currently used
  • Understand the possible consequences of cyberfraud and what needs to be protected
  • Learn 50 ways to protect

Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).

There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).

Target Audience

Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.

Prerequisites

  • Basic background in finance or accounting
  • For the Advanced Excel workshop, a preliminary (good) knowledge in Excel is required.

Course Material

The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).

Certificate

At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL.  In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required. The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.

 

Register Here

 

Francois de Witte

 

François de Witte

 

 

 

 

 

 

How to pay your overseas suppliers quickly, easily and securely

15-07-2021 | treasuryXL | XE |

Having a reliable, easy-to-use payment method can make a world of difference to your company’s bottom line and to the efficiency of your processes.

When you purchase goods from overseas suppliers or pay international invoices—especially if you do so on a regular basis—having a reliable, easy-to-use payment method can make a world of difference to your company’s bottom line and to the efficiency of your processes.

If you do a quick Google search, you’ll see that there are countless options for you to make your international payments. Your bank branch may have their own money transfer services, and there are also online providers that specialize solely in overseas money transfers. But which option is the best for your business’s payments?

International money transfer is the answer 

When making an international payment, the payment itself is just one part of the cost. By that we mean that you’ll also need to consider the exchange rate for your money transfer as well as the fees you’ll be charged for the service of converting your currency and moving it to another country.

These costs will not be the same across all providers. If you shop around, you’ll find that each provider sets their own rates, and many will add their own margin atop the current mid-market rate. Additionally, many providers may add numerous fees to your transactions (and may not always disclose them to you before you confirm your payment).

While your bank branch may do a fantastic job of holding and managing your funds, they may not be the best option for transferring it. Rather than utilising your bank and their unfavourable rates and numerous fees, you may instead wish to turn to international money transfer providers that can offer you specialised service at a fair, transparent price.

How to find the right international payments provider 

As we’ve discussed previously, you’ll want to begin your search for a provider by assessing your business operations and payment needs. This will tell you what you need from an international payments provider. You may want to consider things such as:

  • Your business’s FX requirements 

  • How knowledgeable and confident you are about foreign exchange

  • How frequently you make payments

  • Where you make payments (and in which currencies)

  • The types of payments and capabilities you’re looking for

  • How much assistance you’d want from your provider

We also previously detailed what you’d want to look out for in your search for a trustworthy provider. You’ll want to do your due diligence for things such as:

  • A provider’s size

  • How long they’ve been in business

  • How many businesses they work with

  • What their online security measures are

  • If they are registered and authorised with the relevant bodies

  • The quality of their payment processing

Pay your overseas suppliers with Xe 

At Xe, we provide money transfer and risk management solutions for businesses of all sizes, across all industries. Whether you’re a sole trader or a large multinational corporation, our experts will work with you to tailor your payment solutions to your operation and provide you with an FX strategy to best suit your needs. As an authority in the currency world for nearly 30 years, we understand foreign exchange and have the experience and expertise to help you with your FX, so you can focus on your business.

Xe offers numerous money transfer products to suit different payment needs, such as:

  • Spot transfers for quick, simple transactions

  • Forward contracts so you can schedule future payments at secured rates

  • Market orders to target the ideal exchange rate for a future transfer

  • Rate alerts, so you’ll always know as soon as the market has moved in your favour.

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.

 

 

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