Cash management lies at the heart of most treasury teams. As the payments landscape undergoes dramatic changes, cash and liquidity management will need to respond. Here we share resources, articles and guides to help treasurers and their businesses.
The FSB has published a report setting out recommendations and options for improving adoption of the Legal Entity Identifier (LEI) in cross-border payments in order to enhance cross-border payments by addressing the key challenges often faced by cross-border payments and the frictions in existing processes that contribute to these challenges.
An ACT webinar brought together a prestigious panel to grapple with some key questions facing treasurers, in particular how they can work effectively with their financial institutions to gain next-generational cash management.
James Sykes, head of commercial cards, and David Legg, head of corporate card products at Lloyds Bank, explore how to unlock virtual cards’ added value and overcome barriers to usage.
The ACT and HSBC Global Asset Management ran a webinar on 27 May to explore this topic. We have noted the key points from the webinar in this downloadable PDF.
Our profile interviewee for this edition is Joanna Bonnett, group treasurer at PageGroup. Since her arrival at the recruiter in 2017, Bonnett has overseen a treasury transformation project, including the rationalisation of transactional banking alongside the automation and centralisation of banking interfaces into a new global finance system.
How will money market fund (MMF) reform impact treasury investment strategy? On 19 April, the policy and technical team at the Association of Corporate Treasurers held a webinar in association with Fitch Ratings to answer this very question.
The BIS has released its Annual Economic Report (https://www.bis.org/publ/arpdf/ar2018e.htm) in which it notes that the burden of resolving the GFC has been borne by central banks. They have acted to reduce short term interest rates by money market operations, and to reduce long interest rates by on market purchases through Quantitative Easing. The latter is now being unwound but, to date, unwinding of central bank QE in the USA and the EUR block has had little effect on long term rates and expectations of future rates (see Graph 1.3 in the Report) remain low.
Jack Large has brought to our attention a Wall Street Journal article titled Delaying Payments to Suppliers Helps Companies Unlock Cash. Jack argues the case for the suppliers caught funding their customers working capital.
Domestic instant payment schemes hav ebeen appearing worldwide in the past six months. But are faster payments more trouble than they are worth for corporates? Ben Poole takes a look.
The UK has not usually been known for economic orthodoxy. Yield curves can be inverted for years. Asset values bear no relation to asset replacement costs. Government has foreseen closing down its own funding market. We never saw anything impractical about switching from industry to fund management as an important component of our GDP.
Corporates in Europe require greater space for adding remittance data to the transaction messages they send through the region’s primary payments system, according to the European Association of Corporate Treasurers (EACT).
The order-to-cash side of the working capital cycle caters to the revenue side of the business and begins when a buyer initiates a purchase transaction leading to the creation of a receivable.
Bloated balance sheets don’t appeal to businesses, but neither does not paying the bills. Farah Khalique explores the likelihood of corporates becoming spenders, not savers.
