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The 3 Fundamental Treasury Concepts: Transfer Pricing
14-12-2022 | Vasu Reddy | treasuryXL | LinkedIn |
The 3 fundamental treasury concepts being discussed currently include Working Capital Management, Bank Relationships and Treasury Transfer Pricing which are pivotal pillars for effectively and efficiently optimizing cash, liquidity, funding and managing risk for any Treasury function to support the achievement of the organizations business objectives and strategy. In the second blog of a series of 3, Vasu Reddy explains the best practices and benefits of Treasury Transfer Pricing.
Intercollegiate loans and intercollegiate services MUST be billed and charged at a market rate – i.e. as you would bill/pay a third party to avoid tax risk and margin loss.
How to price loans and how is service charge billing done?
What are the benefits of good managing of Transfer Pricing?
Thank you for reading. If you want more explanation, I’d be happy to help!
Vasu Reddy
Corporate Treasury, Finance Executive
marcus evans | 6th Annual Banking Book Risk Management | 31 January – 1 February | Amsterdam
13-12-2022 | treasuryXL | marcus evans | LinkedIn |
We are proud to announce our media partnership with marcus evans group for the 6th Annual Banking Book Risk Management.
Taking place in Amsterdam from 31 January to 1 February, this leading event will bring together banking risk management experts from across Europe to address upcoming regulatory and macroeconomic challenges.
Amsterdam, The Netherlands
31 January – 1 February
This premier marcus evans event will bring together leading industry experts in Banking Book Risk Management transformation from across Europe to address the coming regulatory and macroeconomic challenges. Key industry professionals will explain how to adapt banking book risk frameworks for IRRBB and CSRBB compliance, meet macroeconomic challenges, enhance behavioral and deposit modeling, and integrate these risks into an effective FTP and steering strategy.
Key Themes in the agenda:
Interested in joining this exclusive event? Then contact Mr. Ayis Panayi at [email protected] for discounts available or visit the website https://bit.ly/3CpfzJQ. Looking forward to welcoming you at the event!
The Impact of Russian Aggression on Regional Treasury & FX
13-12-2022 | treasuryXL | ComplexCountries | LinkedIn |
This call was held at a point in the conflict where Ukraine had made serious inroads into Russian held territory, and there was a lot of talk about the potential use by Russia of nuclear weapons. So, one of the questions was whether treasurers are expecting a nuclear escalation, a spread of the conflict, and what to do to prepare for it.
Source
None of these concerns were mentioned. For most companies, the business in the countries surrounding Russia and Ukraine is minimal. The bigger concern is, and remains, the impact on the business outlook in the rest of the world, the impact of increasing interest rates, inflation, and logistics issues – though logistics seem to be improving.
Instead, most participants continue to do business in Russia – mostly because they are in industries that benefit from the health and humanitarian exceptions to sanctions. In other cases, the business is essentially local, but uses the corporate brand – this means care must be taken when withdrawing. Having an exception from sanctions still leaves issues:
Despite this, our participants found it is generally possible to make payments into and out of Russia, even if the process can take a long time. Banks are moving to close offshore rouble accounts, especially in London, but they are being flexible over deadlines. Dividends are definitely not allowed, but most other types of payment seem to be possible. While some participants continue to move towards the exit – protecting local employees remains a priority – other are finding that their business in Russia is doing surprisingly well.
In terms of banking, everyone seemed to be using Citi [this discussion took place before Citi announced their withdrawal from Russia – from March 2023], though most were opening accounts with Raiffeisen as a backup. This is a return to the Communist era, when Raiffeisen was the main conduit for payments to and from Russia.
Bottom line: for our treasurers, the main concern is slowing economic growth in the west, increasing energy prices, higher interest rate and inflation. This is impacting their main business, which is typically not in Eastern Europe. As for Russia itself, people continue to move towards the exit – but those who have to stay, for mostly humanitarian reasons, are finding that business is complicated – but it continues.
Contributors:
This report was produced by Monie Lindsey based on a Treasury Peer Call chaired by Damian Glendinning
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