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Welcome in your treasury comfort zone.
Here are our latest treasury articles & blogs.
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2018 – the black swan could be China
| 21-12-2017 | Rob Beemster | Chinese gross domestic product (GDP) is forecasted to end 2017 at around $12 trillion, while the total debt to GDP is about 400%. The economic growth has been impressive as well is its nominal (but also relative) rise of the total debt. The Chinese economy has grown from […]
Bitcoin mania: what is it not?
| 20-12-2017 | Carlo de Meijer | During our stay in South Africa I was reading an article in Die Burger (newspaper for Afrikaners) where a spokesman of Cape town-based PWC gave his ideas on the recent rise of Bitcoin and the future of Blokketting (Afrikaans for Blockchain). This inspired me to write this blog. Since […]
Credit ratings Healthcare- a Fitch seminar
| 19-12-2017 | Lionel Pavey | On 29th November treasuryXL attended a seminar organized by Fitch Ratings in Utrecht. It was a presentation by Fitch that explained the approach they had taken to determine credit ratings for 2 different entities within the Dutch healthcare industry: Stichting Elisabeth-Tweesteden Ziekenhuis in Tilburg – a hospital, and Stichting […]
Intercompany financing – complying with procedures
| 18-12-2017 | treasuryXL | Many businesses (not just multinationals) finance the operations of their subsidiaries/affiliates via intercompany loans. During the financial crisis external funding became more difficult to obtain, and more businesses attempted to finance their operations internally. Whilst this can be a good procedure, consideration must be given to the fact that the […]
Alternatives to banks – Is Fintech the answer?
| 14-12-2017 | treasuryXL | With the steady rise of Fintech within the finance industry some people are already calling for the demise of banks as the historical financial partner of choice for corporates. Certainly, Fintech is showing itself to be very dynamic, offering many new products and solutions, and being a lot swifter than […]
Gebrek aan voortgang in Voortgangsrapportage Rentederivaten MKB
| 13-12-2017 | Simon Knappstein | De voortgangsrapportage van AFM die op 8 december 2017 gepubliceerd werd, bevat vooral oud nieuws. Er is verdere vertraging en zelfs de nieuwe door de banken afgegeven planningen zijn onzeker. Wat dat betreft had de AFM het passender “gebrek-aan-voortgangsrapportage” kunnen noemen. Het beeld wat blijft hangen na het lezen […]
Eurozone economic prospect – Goldilocks meets the bears?
| 12-12-2017 | treasuryXL | The markets and the ECB feel that the economy is doing very well. It can be compared to Goldilocks – not too hot and not too cold. Is it possible that the Eurozone could be entering a period of continued growth with little or no immediate prospect for rising inflation? […]
Who to choose: A generalist or a specialist?
| 11-12-2017 | Olivier Werlingshoff | During the last few months this question has been on top of my mind. Is it better to specialize yourself and start a specific study? First, we need to look at the definitions of both; a specialist is a person who is highly skilled in a specific and […]
Bitcoin – regulation and acceptance
| 06-12-2017 | Lionel Pavey | As the price of Bitcoin reaches ever higher – more than $11,000 at the moment – Governments are starting to look at what regulation needs to be put into place. Bitcoin has gained a reputation as the currency of choice for tax evaders and drug traders due to […]
Financial Options – the right but not the obligation
| 05-12-2017 | treasuryXL | In the financial industry an option is an instrument, based on financial derivatives, that enable the buyer of the option to obtain the right, but not the obligation, to buy or sell an underlying product/asset at an agreed price on or before a certain date in the future. As simple […]