Corporate Treasury Payment Service Provider Relationship Management
02-11-2023 | “May you live in interesting times” goes the old Chinese curse. Whether we are cursed or not, we are certainly living in interesting times.
Corporate Treasury Technology Roadmaps
25-09-2023 | Technology is changing the way many businesses work: with online commerce, many traditionally B2B businesses are moving to B2C
Internal Treasury Relationships
17-07-2023 | “No man is an island”. The phrase comes from the 17th century English poet, John Donne (it has since been used in a popular song….). Nowhere is this truer than in a modern enterprise.
Counterparty Risk – A Reality Check
03-07-2023 | Risk management. Every treasurer includes this as part of their job description, and we are rightly proud of what we do in this area. But, every now and again, we get a reality check. How good are our processes?
AI & Robotics in Corporate Treasury
12-06-2023 | How corporate treasurers are using AI and Robotics – a detailed report produced by ComplexCountries
Approaches to Investing Trapped Cash
23-05-2023 | All international companies put a lot of effort into avoiding having cash trapped in emerging countries.
FX & Currency Hedging Policy Review
10-05-2023 | FX and currency hedging are complex topics, which generate a lot of discussion in most companies. We held this session to see whether members are changing their hedging strategies in response to the recent increase in currency volatility, coming after a period of (relative) stability.
Transacting with Sanctioned Countries
17-04-2023 | At CompleXCountries, it is our mission to provide a forum where treasurers can openly discuss issues and share experiences. We then publish the essence of the discussion, but in a format that respects the need for confidentiality – though it is valuable general information, there is no upside to telling the whole world your specific company has had a problem with Bank A, or that you find country B’s exchange control regulations difficult to handle.
Treasury Policies & Processes for Crypto Transactions
02-02-2023 | treasuryXL | ComplexCountries | LinkedIn |
This call took place five days after FTX filed for bankruptcy. However our discussion did not dwell on crypto as an investment (We haven’t found a treasurer who would). The interest for treasurers is to help their companies understand the business opportunities of the metaverse, and that isn’t going away.
According to Gartner,’ [https://www.gartner.com/en/articles/what-is-a-metaverse] by 2026, 25% of people will spend at least one hour per day in a metaverse for work, shopping, education, social media and/or entertainment’, and…’A metaverse is not device-independent, nor owned by a single vendor. It is an independent virtual economy, enabled by digital currencies and non-fungible tokens (NFTs).’
So it’s no surprise that many companies are developing strategies to capitalise on what could be a massive business opportunity. Participants in this call comprised treasurers representing companies at different stages of this journey, all facing the challenge that the regulatory and financial infrastructure available is at an early stage of evolution.
- About half of the participants are still investigating the use of crypto and exploring how it works in case it does evolve within their businesses, but still not necessarily wanting to accept crypto or handle crypto within treasury operations.
- Risk management to enable safe use in Corporate Treasury remains paramount and it isn’t easy.
- We are seeing continued evolution around the NFT space and using crypto for settlement. But it continues to be quite limited.
- Accounting requirements for how crypto currencies are handled are still not clear and not necessarily sustainable for the future. Regulations are going to evolve.
- It is fascinating to hear, for the first time, crypto working capital is being used to match crypto receivables to payables in certain types of crypto currencies, e.g. Ether.
- In the last 12 months companies have started to buy land in the metaverse in order to understand how it works as a marketing tool.
- Selecting crypto currency platforms is challenging and KYC with some is a (reassuringly) painful experience. The providers discussed in this report include: Etherium, Coinbase, Mt Pelerin, Bit Panda and Anchorage.
- For the most part, banks are watching the space and have yet to come up with solutions for corporates and CBDCs are at an early stage, but one thing we can be sure of is that there is a lot more to come on this topic.
Crypto has clearly not gone away for corporate treasurers and I’m certain we’ll see further uses going forward. There is a huge amount of detail in this report, which is essential reading for any treasurer wishing to understand the challenges or benchmark their processes.
What is possible in Complex Countries for Treasury?
26-01-2023 | treasuryXL | ComplexCountries | LinkedIn |
ComplexCountries reports detail how corporate treasurers approach challenges in complex countries, across associated treasury processes and how they adapt to economic and regulatory changes.
Their reports cover a wide range of topics associated with treasury processes in these countries, and how they are impacted by economic and regulatory changes. This includes how corporate treasurers approach currency risk management, compliance with local regulations, and maintaining cash and liquidity in the face of political and economic instability. The goal is to help treasurers navigate these challenges and protect their company’s financial position.
Find below some of the free reports detailing complex country challenges for treasurers